Bitcoin Price Falls Below $81,000 After Hot CPI as ETF Outflows and the October FOMC Reshape the Trade
Bitcoin slid through $81,000 in trading this week, its sharpest move since the October correction began, because September inflation came in hotter than the consensus and traders repriced a Federal Reserve hike they had mostly stopped pricing at all. The token traded near $80,525 at 06:00 UTC on Oct 15, down 3.4% from the prior session, after touching $80,000 intraday Wednesday, with ether down more than 6% to about $2,347 in the same window.
This was not a crypto-specific failure; the S&P 500 posted its biggest drop in 50 sessions, gold fell, and Asian equities sold off together. The question now is whether the October FOMC, which concludes Oct 27 to 28, resolves the rate uncertainty that is…
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