Bitcoin Slips Below $81K After Higher-Than-Expected CPI Report
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U.S. CPI unexpectedly rose to 3.8% (vs. 3.7% expected) and core CPI to 2.8% (vs. 2.7 expected), increasing fears the Federal Reserve may keep interest rates higher for longer and boosting volatility in risk assets. Crypto reaction was immediate: Bitcoin slid below $81,000 and XRP stalled near $1.50 as the hotter inflation print hit investor appetite, creating short-term downside risk for crypto prices and market activity.
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- U.S. inflation rose above forecasts, increasing fears of higher interest rates for longer.
- Bitcoin fell below $81K after CPI data weakened investor appetite for risk assets.
- XRP stalled near $1.50 resistance as macro pressure weighed on the crypto market.
Fresh U.S. inflation data triggered renewed pressure across crypto markets after consumer prices came in higher than expected. The update strengthened fears that the Federal Reserve could keep interest rates elevated for longer.
According to the latest CPI report, headline inflation rose to 3.8%, above the market expectation of 3.7%. Core CPI, which excludes food and energy prices, also climbed to 2.8%, beating forecasts of 2.7%.
The hotter inflation print immediately sparked volatility across risk assets, including stocks and cryptocurrencies. Market watchers say the numbers could complicate the Fed’s path t…
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In This News
Coins
$ 73.16K
-3.59%$ 1.29
-3.55%Predictions Markets
See what traders are focused on
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