Author: cryptoz7

At press time, the Bitcoin price was trading at $81,266.00 and has dropped by 2.5% in the past 24 hours with the market capitalization of $1.633T. During the CPI data release on Oct. 14, Bitcoin dropped by $1,000 within a few seconds just after the CPI news circulated. Since then, BTC has kept falling and…

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Bitcoin faces a tougher interest-rate outlook after US inflation data released Oct. 14 pushed bets on another Federal Reserve hike sharply higher. Rising Treasury yields could weigh on Bitcoin by making interest-bearing dollar assets more attractive.

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