Bitcoin Falls Below $83,000 as US Inflation Hits Four-Month High
Bitcoin dropped below $83,000 on Wednesday as U.S. inflation reached 3.7%, with a September jump in gasoline prices adding pressure to markets.
Bitcoin traded below $83,000 on Wednesday as U.S. inflation rose to a four-month high of 3.7%, according to Bitcoin.com News.
Gasoline prices increased 9.1% in September, contributing to inflation pressures. The rise in fuel costs also unsettled Wall Street.
The inflation figures complicate the Federal Reserve’s next policy decision, with another inflation report due soon.
Source: Bitcoin.com News
