✉news BusinessCrypto first seen 19 h ago, last 7 h ago, peak #5
Bitcoin drops below $82,000 on hot inflation data
Original: Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns
Bitcoin fell below $82,000 after a hotter-than-expected US core CPI reading revived concerns that the Federal Reserve could raise interest rates rather than cut them. Traders sold risk assets across the board as sticky inflation weighed on hopes for easier monetary policy, with crypto among the hardest-hit sectors amid heightened volatility.
Why now: Fresh inflation data shifted expectations for Fed policy, prompting a sell-off in risk assets like bitcoin.
Rank over time, top of the chart is #1. 10 snapshots from 19 h ago to 7 h ago.
Evidence
- Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns · The Block
- Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns · The Block
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