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Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations.
Key points:
- Bitcoin dropped to $81,926 on Bitstamp after US September CPI inflation came in at 3.7% versus expectations of 3.6%.
- Fuel-price increases accounted for the lion’s share of the gain at 9.1% year-on-year.
- US bond yields spiked on the news, while gold fell to $4,079 per ounce.
Bitcoin slips under $82,000 on higher US CPI print
Data from TradingView showed crypto, gold and stock-market futures dropping after the release of Consumer Price Index (CPI) for September.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
At 3.7% year-on-year, this came in 0.1% above majority market consensus, data from the Bureau of Labor Statistics (BLS) confirmed. The increase in fuel prices around the Middle East conflict and oil-supply crisis was conspicuous.
“The index for gasoline rose 9.1 percent in September, accounting for…
