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Bitcoin, Stocks, and Metals Slide Amid Hot CPI
Bitcoin, equities, and precious metals fell as traders reassessed the Federal Reserve's next move following a hotter-than-expected US Consumer Price Index (CPI) report. The report showed headline inflation increased 0.6% in September, with core inflation rising 0.3%. Analysts attributed the broader sell-off to rising interest rates and elevated Treasury yields, which can make interest-bearing assets more attractive relative to assets that do not generate income. The article also noted that markets were watching the CPI figures for clues about Bitcoin, Ethereum, XRP, and Cardano.