Hot Inflation Data Pressures Bitcoin, but Setup Isn't 'Bearish': CoinShares
- —Bitcoin trades at $81,473, down 2% over seven days
- —September US CPI beat expectations; PPI hit fastest pace in over four years
- —The Fed hiked in September and meets again at month-end
- —CoinShares advises treating coming weeks as a range, not a trend
Why it matters: Hot inflation reduces the odds of Fed easing, capping liquidity and limiting bitcoin's upside in the near term.
Source: Bitcoin Magazine