Bitcoin falls below $82K after US inflation tops 3.6% forecast

Crypto Insight Summary: Consumer prices in the US came in higher than expected in September, pushing Bitcoin down by roughly $1,000 to $82,800 and stoking fears that the Federal Reserve may consider hiking interest rates once again at its upcoming monetary policy meeting in late October. The figures that rattled the markets According to the Bureau of Labor... Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Higher-than-expected US inflation triggers short-term BTC sell-off due to rate hike concerns.