Markets News
Crypto1 min read
Bitcoin Nears One-Month Low as Inflation Revives Fed Concerns
Bitcoin fell below $81,000 after hotter U.S. inflation strengthened concerns about a possible October rate increase.
Key takeaways
- Bitcoin fell below $81,000 before recovering.
- U.S. annual inflation rose to 3.7% in September from 3.4% in August.
- Bitcoin traded at $81,173 as of 08:17 UTC, down 3.09% over 24 hours.
Bitcoin fell below $81,000, near a one-month low, after U.S. inflation data revived concerns about a possible Federal Reserve rate increase this month, Ekonomim reported. It later recovered, while remaining below its level the previous day.
Annual consumer inflation rose to 3.7% in September from 3.4% in August, CoinDesk reported. Core inflation accelerated to 2.6% from 2.4%, adding to uncertainty about the Fed’s next move.
As of 08:17 UTC on Thursday, Bitcoin traded at $81,173, down 3.09% over the previous 24 hours.
Topics
Further reading
CoinDesk: Bitcoin (BTC) wilts as Fed rate uncertainty weighs. Kospi crashes ↗Dünya: Bitcoin'de enflasyon baskısı: Fed'in faiz artırma ihtimali yeniden gündemde ↗Ekonomim: Bitcoin'de Fed baskısı: Bir ayın en düşük seviyesine geriledi ↗
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
