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.
Bitcoin Drops Below $82,000 Amid Rising Inflation Concerns | Split Angle