Bitcoin price today: BTC falls 3.6% as US wholesale inflation jumps 1.3% in September
Bitcoin fell more than 3.6% on Thursday after new US data showed that wholesale prices rose sharply in September, raising concerns about inflation and the Federal Reserve’s next interest rate decision. Bitcoin was trading at around $81,500 following the release of the inflation data.
The cryptocurrency also fell below its 50-day moving average, a level traders use to understand price trends. Bitcoin recorded a 24-hour low of $80,443, according to the same report.
