Bitcoin Dumps to Monthly Lows on Hot Inflation Data and Warsh Comments: Weekly Crypto Recap

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Bitcoin fell below the $80,000 threshold for the first time in about a month, posting a 1% weekly decline to settle at $81,430. US inflation data proved bearish for the crypto market: September’s CPI came in slightly higher than expected, while the PPI showed the largest monthly increase in over four years. The total cryptocurrency market capitalization stands at $2.860 trillion with a 24-hour trading volume of $84 billion. Federal Reserve Chair Kevin Warsh refused to signal whether the central bank will hike rates in two weeks during his speech in Bangkok. Notable exceptions include the NEAR token surging nearly 10% and BTW gaining 23% since last Friday.

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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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