News
Crypto Market Jolt After Hotter-Than-Expected Inflation
September CPI came in at 3.7% YoY, above expectations, triggering a sharp sell‑off in Bitcoin, which fell then recovered to hold above $81k. Rate‑hike odds rose to 41% but markets expect the Fed to hold in October. It notes resistance at $88k and support at $80‑81.5k, with ETF inflows as a key catalyst. The piece also links higher inflation to a slowdown in AI‑related crypto trades and discusses growing compute‑related debt, citing $450 bn AI‑related debt issued by September and potential $700 bn in data‑centre financing through 2028.