Macro· ★★★★· bearish·

US inflation accelerates to 3.7% as bitcoin ETFs bleed $146M

  • —US September CPI hit 3.7% y/y vs 3.4% in August; core at 2.6%
  • —Bitcoin ETFs saw $146.19M in weekly outflows, IBIT lost $93.67M
  • —Ethereum ETFs shed $250.29M, with BlackRock's ETHA down $229.29M
  • —Crypto Fear and Greed Index rose 4 points to 63, in greed zone
Why it matters: Hotter inflation raises the odds of Fed tightening on October 28, pressuring bitcoin and altcoins.
#BTC#ETH
Source: BitNovosti
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