Bitcoin Falls as Hot Inflation Puts a Fed Hike Back on the Table

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U.S. consumer prices rose 3.7% year over year in September, above the 3.6% forecast, with gasoline prices jumping 9.1% in a single month. Bitcoin fell 1.5% to $82,142, dragging the broader crypto market down by 0.7% to $2.8 trillion. The odds of a Fed rate hike at its October meeting roughly doubled to about 44-49%, up from 22% before the report. The 10-year Treasury yield climbed to about 5.3%, near 24-year highs, while more than $281 million in crypto derivatives positions were liquidated in 24 hours.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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