✉news BusinessCrypto first seen 9 h ago, last 5 h ago, peak #8
Bitcoin falls below $81,000 on hot US inflation data
Original: Bitcoin slides below $81k as hot U.S. CPI spurs rate hike bets
Bitcoin dropped below $81,000 after stronger-than-expected U.S. CPI inflation figures fuelled bets that the Federal Reserve could raise interest rates rather than cut them. Higher rate expectations typically weigh on risk assets, and cryptocurrencies sold off alongside the news. Traders are now watching upcoming Fed commentary for confirmation of the shift in policy outlook.
Why now: A hotter-than-expected U.S. inflation print revived rate hike bets, triggering a sharp sell-off in bitcoin.
BitcoinFederal ReserveUnited States
Rank over time, top of the chart is #1. 4 snapshots from 9 h ago to 5 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