US September CPI rises to 3.7%, reigniting bitcoin inflation-hedge debate
- —Core CPI excluding food and energy rose 0.3% on the month and 2.6% year over year
- —Gasoline prices jumped 9.1% in a month, accounting for over half of the CPI gain
- —M2 stood at $23.34 trillion in August 2026, up 5.7% year over year
- —Bitcoin dropped below $82,000, losing more than 2%, after the CPI release
Why it matters: Hotter inflation raises the odds of a hawkish Fed, pressuring bitcoin and challenging its inflation-hedge narrative.
Source: TokenPost