✉news BusinessCrypto first seen 6 h ago, last 2 h ago, peak #8
Bitcoin slides below $81,000 after hot US inflation data
Original: Bitcoin slides below $81k as hot U.S. CPI spurs rate hike bets
Bitcoin fell below $81,000 after a hotter-than-expected US Consumer Price Index report fueled expectations that the Federal Reserve could raise interest rates rather than cut them. Risk assets including cryptocurrencies sold off as traders repositioned around the prospect of tighter monetary policy, with crypto tracking broader declines in equities.
Why now: The surprise inflation print revived rate hike bets, hitting risk assets like bitcoin and prompting discussion about where crypto and Fed policy head next.
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Rank over time, top of the chart is #1. 4 snapshots from 6 h ago to 2 h ago.
Evidence
- Bitcoin slides below $81k as hot U.S. CPI spurs rate hike bets · Investing.com
API: https://socialmediatrends-api.osmike.com/v1/trends/2326131