Bitcoin, ETH, XRP Drop 1% Following Hot CPI Inflation Print
Market / Price
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are down 1% as consumer price inflation rose by 3.7% in September. What the CPI Report Showed As reported by Benzinga, September inflation came in hotter than forecast across the board: Measure Actual Forecast Headline CPI (Y/Y) 3.7% 3.6% Core CPI (Y/Y) 2.6% 2.4% Headline CPI (M/M) 0.6% 0.6% Core CPI (M/M) 0.3% 0.2% Bitcoin plunged from around $83,800 to $82,800 in a single five-minute candle following the release, shedding roughly $1,000.
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