US inflation hits 3.7% on gasoline surge as Bitcoin tests $81,300
- —US September CPI at 3.7% y/y vs 3.6% expected and 3.4% in August
- —Gasoline prices rose 9.1% on the month; broader energy index up 5.2%
- —More than $220 million liquidated in 24 hours, mostly Bitcoin longs
- —Odds of an October Fed hike climbed to 44–55% from 21%
Why it matters: Supply-driven inflation complicates the Fed's October 28 decision: a hike would pressure risk assets, including Bitcoin.
Source: Kryptoszene
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