Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Some links on this page are affiliate links. We may earn a commission if you sign up, at no extra cost to you.
AI summary
Related news
Bitcoin Price Crashes to $72,787 After Hotter-Than-Expected CPI
Bitcoin fell below $73,000 on Tuesday after hotter-than-expected October inflation data showed consumer prices rising 0.4%. Bitcoin Slides as Inflation Data Sparks Market…
Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat
Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
Alta raises $47.5 million Series A to build a blockchain for financial institutions
Alta’s blockchain will combine privacy and compliance controls for banks and other financial firms.