Bitcoin price dips below $82K as high oil prices spike US CPI inflation
Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation.
Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations.
Key points:
Data from TradingView showed crypto, gold and stock-market futures dropping after the release of Consumer Price Index (CPI) for September.