Macro· ★★★★★· bearish·

Global market rout: Nasdaq -1.9%, Kospi -8%, Bitcoin hits one-month low

  • —US September inflation came in at 3.7% y/y vs 3.6% expected
  • —Nasdaq -1.9%, S&P 500 -1.1%, Kospi -8%, Nikkei -4.8%
  • —Samsung Electronics -9.7%, SK Hynix -11.1%, Nvidia -3.2%
  • —Bitcoin fell to a one-month low amid the risk-off move
Why it matters: Hotter inflation raises the odds of another Fed rate hike, pressuring risk assets including bitcoin and crypto equities.
#BTC
Source: Crypto Insiders
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