Bitcoin Falls to $81,500 as Inflation Data Weighs on Markets
Bitcoin hit an intraday low of $81,500 as stronger-than-expected U.S. inflation figures unsettled markets and crypto liquidations reached roughly $331 million.
Bitcoin dropped to an intraday low of $81,500 on Wednesday, Oct. 14, amid a broader market reaction to U.S. inflation figures that exceeded expectations.
The decline coincided with roughly $331 million in leveraged cryptocurrency positions being liquidated over a 24-hour period. Traders betting on rising prices accounted for most of those losses.
The pullback contrasted with Saylor’s bullish market assessment, as inflation concerns and forced position closures put pressure on bitcoin.
Source: Bitcoin.com News
