Bitcoin's price plummeted after the release of the September US Consumer Price Index (CPI) data, which showed a higher-than-anticipated inflation rate. The figure came in at 8.6%, outpacing the predicted 8.1%.
Source
"Bitcoin Price Drops Following Surprise US Inflation Data" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
This unexpected surge in inflation data weighed heavily on Bitcoin's price, causing it to drop even further from its already precarious position.
BTC · 7D · $73,197−5.2%