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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.
Bitcoin Slips Below $85,000 as Ethereum, XRP, Dogecoin Fall With Treasury Yields at 19-Year Highs
Bitcoin traded below $85,000 after failing to break $87,000 resistance, despite significant spot ETF inflows. The 10-year Treasury yield surged to its highest level since 2007 and traders now pricing in a nearly 60% chance of another 25-basis-point rate hike next month. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC)
Bitcoin nears $80,000 as crypto rally extends
Bitcoin trades near $79,862.51, up 3.37% in 24 hours, while Ethereum, XRP and Solana also rise and Dogecoin slips 0.57%.