Macro· ★★★★· bearish·

Bitcoin Drops Below $83K After Hot CPI Print Lifts Fed Rate-Hike Odds

  • —US September CPI: 3.7% y/y vs 3.6% expected and 3.4% in August
  • —Core CPI rose to 2.6% y/y against 2.5% consensus
  • —Bitcoin fell below $83,000 from around $83,500 before the release
  • —October Fed rate-hike odds jumped from 22% to 45% after the data
Why it matters: Rising Treasury yields and hawkish Fed expectations are pressuring bitcoin, with $80,000 now in focus if rate bets worsen.
#BTC
Source: Cointribune
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