Bitcoin falls toward $73,400 after hotter-than-expected US CPI
FROM THE WIRE · SEEKINGALPHA.COM
[Bitcoin turns to dust] eranicle The Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) price fell ~2.51% to ~$73,386 at the time of writing on Tuesday, with 24-hour trading volume reaching $26.81B. The decline extended its losses to nearly 5% over the past week and…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishInflation concerns and higher rate expectations weigh on risk appetite and crypto assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Bitcoin fell about 2.51% to roughly $73,386.
- 02US October CPI rose 0.4% month over month, above the 0.3% expected.
- 03Core CPI rose 0.3%, versus a 0.2% estimate.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets