News
Bitcoin Falls as Inflation Hits 3.7%
Bitcoin fell 1.5% to $82,142 on Wednesday due to higher-than-expected U.S. inflation, which also dragged down other cryptocurrencies. The Consumer Price Index rose 0.6% in September and 3.7% over the past year, up from 3.4% in August. This inflation reading is closely watched by the Federal Reserve, which is already raising interest rates to combat price pressure.