Bitcoin and Major Cryptocurrencies Fall After Hotter-Than-Expected CPI
Bitcoin and leading cryptocurrencies declined after September CPI rose 3.7% year over year, above the 3.6% expected. The report said the hotter inflation reading raised rate-hike odds.
Leading cryptocurrencies sank alongside stocks on Wednesday as higher-than-expected consumer inflation raised rate hike odds. m. 08143 Crypto Market Pressured Bitcoin dropped sharply from $83,000 into the low $81,000s, while Ethereum fell below $2,400. Cryptocurrency-linked stocks also plummeted, with Strategy Inc.
(NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 28%, respectively. The cryptocurrency market saw over $450 million in liquidations in the last 24 hours, almost $400 million of those being bullish long bets, according to Coinglass data. 41% over the last 24 hours.
An increase in open interest, accompanied by a drop in the asset’s price, typically indicates that short sellers are actively entering the market and selling contracts. m. 20% in the last 24 hours. Read Also: Saylor Sees Bitcoin Above $100,000—So Why Is Strategy Willing to Sell?
Stocks Drop After Hot Inflation Report Stocks extended the decline on Wednesday. 48. 87. 6% economists expected.
6%. Investors still assign a 75% probability that rates will remain unchanged in October, while the odds of a quarter-point cut in December stand at 66%, according to the CME FedWatch tool. Bullish Mood Intact On-chain analytics firm CryptoQuant reported that the majority of analysts are now bullish on Bitcoin, citing its Analyst Consensus Index. “84% of 164 analysts are now bullish, up from 37% in July.
That’s more than at the same stage of the 2023 bull market, after half the price gain,” the firm added. Analysts haven’t been this bullish on Bitcoin since August 2025. 84% of 164 analysts are now bullish, up from 37% in July. That’s more than at the same stage of the 2023 bull market, after half the price gain.
com (@cryptoquant_com) October 14, 2026 Daan Crypto Trades, a widely followed trader and chartist, notes Bitcoin has been range-bound around a major horizontal support and resistance near $82,000 for roughly 50 days, with choppy intraday action “This was a very choppy time period last quarter in July as well,” the analyst added. ” $BTC Still sitting at the main support & resistance level. It has been choppy the past few weeks and price essentially unmoved in ~50 days now. We are also entering the earnings season.
This was a very choppy time period last quarter in July as well. com/EgMzxMaGhD — Daan Crypto Trades (@DaanCrypto) October 14, 2026 Read Also: Bitcoin, ETH, NEAR Are the Best Bets for the Rest of 2026, Analyst Predicts Photo: KateStock / Shutterstock