Bitcoin faces an $8,000 trading trap as US midterms approach
Two hot inflation reports in two days resulted in Bitcoin falling below $80,000 on Oct. 15. September CPI accelerated to 3.7% from 3.4%, and producer prices jumped 1.3% on the month, the largest rise since March 2022 and more than double the forecast in most surveys. Can-Luca Köymen, investment strategist at Sygnum, said in a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Two hot inflation reports in two days resulted in Bitcoin falling below $80,000 on Oct.
- September CPI accelerated to 3.7% from 3.4%, and producer prices jumped 1.3% on the month, the largest rise since March 2022 and more than double the forecast in most surveys.
- Can-Luca Köymen, investment strategist at Sygnum, said in a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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