US inflation comes in hotter than expected, bitcoin slips below $83,000
US inflation for September came in at 3.7% against the 3.6% expected. Bitcoin lost more than $1,000 within minutes of the release.
On October 14 the US published the September consumer price index (CPI): annual inflation of 3.7%, while analysts expected 3.6%. Core inflation was 2.6%.
After the release bitcoin dropped from about $83,800 to $82,856, and ether fell below $2,500 to $2,484. US Treasury yields rose and gold lost 1.1%.
According to CoinGlass, $162 million of futures positions were liquidated over the day, 65% of them bets on a rise. Analysts see $82,000 as the nearest support.
News is for information only and is not investment advice. Use only crypto providers licensed in Uzbekistan.