Bitcoin Plunges as Surging US Dollar and Doubling Rate Hike Odds Trigger Sell-Off
Key Highlights: Headline Consumer Price Index (CPI) rose 0.6% month-over-month, propelled by a 9.1% surge in gasoline prices and an unexpected 0.3% uptick in core CPI. Bitcoin plunged to an intraday low of $81,588.88 on October 14 as macroeconomic data renewed fears of extended Federal Reserve interest rate hikes. Treasury yields climbed alongside the U.S. ...