BREAKING đš
U.S. September CPI spikes, slashing Bitcoinâs price đ
The consumer price index rose 0.6% monthâoverâmonth, pushing the annual rate to 3.7%âthe highest reading in over a year. Higher inflation reignited expectations that the Federal Reserve could resume aggressive rate hikes later this year đ„. Riskâoff sentiment spilled over into crypto markets, dragging Bitcoin down more than 5% to around $26,800. Traders cite the data as a catalyst for shortâterm volatility, while analysts warn that sustained price pressure could reshape market liquidity. The broader equity and bond markets also posted sharp declines as investors recalibrate inflation outlooks.
Binance Square will monitor policy moves as they unfold đŠ
$GNS, $WAL, $TRUTH
U.S. September CPI spikes, slashing Bitcoinâs price đ
The consumer price index rose 0.6% monthâoverâmonth, pushing the annual rate to 3.7%âthe highest reading in over a year. Higher inflation reignited expectations that the Federal Reserve could resume aggressive rate hikes later this year đ„. Riskâoff sentiment spilled over into crypto markets, dragging Bitcoin down more than 5% to around $26,800. Traders cite the data as a catalyst for shortâterm volatility, while analysts warn that sustained price pressure could reshape market liquidity. The broader equity and bond markets also posted sharp declines as investors recalibrate inflation outlooks.
Binance Square will monitor policy moves as they unfold đŠ
$GNS, $WAL, $TRUTH