Bitcoin Price Plunges as September CPI Comes Out Higher Than Expected

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Bitcoin dropped by roughly $1,000, falling from around $83,800 to $82,800 following the release of the US Consumer Price Index for September. The actual annual CPI came in at 3.7%, slightly above the estimated 3.6%, while core CPI reached 2.6% versus the expected 2.5%. Lacie Zhang, Research Analyst at Bitget Wallet, warned that sticky core inflation could keep the Fed on a higher-for-longer rate path. She identified the next major support level for BTC between $81,000 and $82,000.

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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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