US PPI Inflation Hits 6.3%, Bitcoin and XRP Slide Ahead of Fed's Warsh Speech
- —US September PPI rose 6.3% year-over-year, above forecasts
- —Data followed a hotter-than-expected CPI print a day earlier
- —Bitcoin and XRP extended losses on rate-hike concerns
- —Markets await remarks from Fed Chair Kevin Warsh
Why it matters: Hot inflation reinforces expectations of Fed tightening, pressuring risk assets and raising the risk of another wave of liquidations.
Source: Cryptonews.net