Finance3 sources
Bitcoin Drops Below $82,000 Amid Rising Inflation Concerns
- Bitcoin price dropped below $82,000 following September's core CPI exceeding forecasts.
- September's US CPI inflation rate was 3.7%, higher than expected, leading to increased bond yields.
- Market analysts are considering new price targets for Bitcoin and potential Fed rate hikes in October.
- US stock markets opened in red, with tech stocks particularly affected by the inflation data.
- High oil prices contributed to the spike in US CPI inflation.