US Inflation Reaches 4-Month High as Bitcoin Bulls Retreat
Bitcoin’s price tumbled below $83,000 Wednesday after U.S. inflation climbed to 3.7%, its highest reading in four months. Gasoline prices jumped 9.1% in September, rattling Wall Street and complicating the Federal Reserve’s next move as another inflation report approaches. Gasoline Prices Push U.S. Inflation to 3.7% America’s inflation problem just got more expensive, and the […]
Key Takeaways
- Bitcoin’s price tumbled below $83,000 Wednesday after U.S.
- inflation climbed to 3.7%, its highest reading in four months.
- Gasoline prices jumped 9.1% in September, rattling Wall Street and complicating the Federal Reserve’s next move as another inflation report approaches.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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