Why Bitcoin Is Down Today: BTC Slides Below $82,000 Following Hot September CPI Data
Key Highlights: September’s Consumer Price Index (CPI) climbed 3.7% year-over-year, spurred by a 9.1% monthly spike in gasoline prices and firmer core inflation. Bitcoin dropped below the $82,000 threshold to trade near $81,850 as receding Federal Reserve rate-cut expectations dampened risk appetite. Spot cryptocurrency funds saw significant redemptions, with Bitcoin ETFs losing $681 million and ...