Bitcoin Price Plunges as September CPI Comes Out Higher Than Expected
đ The Consumer Price Index (CPI) data revealed a year-over-year increase of 3.7%, slightly above the expected 3.6%, while the month-over-month rise met expectations at 0.6%.
đ Core CPI, excluding volatile sectors, rose 2.6% YoY and 0.3% MoM, surpassing estimates of 2.5% and 0.2%.
đ Bitcoin experienced a sharp decline, dropping from approximately $83,800 to $82,800 shortly after the CPI data release.
đ The Consumer Price Index (CPI) data revealed a year-over-year increase of 3.7%, slightly above the expected 3.6%, while the month-over-month rise met expectations at 0.6%.
đ Core CPI, excluding volatile sectors, rose 2.6% YoY and 0.3% MoM, surpassing estimates of 2.5% and 0.2%.
đ Bitcoin experienced a sharp decline, dropping from approximately $83,800 to $82,800 shortly after the CPI data release.