Bitcoin Gives up $82,000 as Hot US CPI Sends Bonds Toward New Highs
Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations. Key points: Bitcoin dropped to $81,926 on Bitstamp after US September CPI inflation came in at 3.7% versus expectations of 3.6%. Fuel-price increases accounted for the lion’s share of the gain at 9.1% year-on-year. US bond yields spiked on … Read more