Bitcoin

BTC 24 Hour Move

-1.59%

$83,175.00 → $81,856.00

Why Bitcoin is down 1.6% today

Analysis

Bitcoin (BTC) fell 1.6% over the past 24 hours as risk sentiment weakened after a hotter-than-expected core CPI print revived concerns about further Fed rate hikes, pressuring crypto alongside other risk assets. While headlines about Standard Chartered debuting bitcoin trading for wealthy UAE clients were supportive for adoption, they weren’t enough to offset the macro-driven selloff.

Contributing Factors (3)

The Block Macro 4 hours ago

Bitcoin falls below $82,000 as hotter core CPI revives Fed hike concerns

Bitcoin dropped below $82,000 after September's core CPI beat forecasts as analysts weigh price targets and an October hike.

Confidence

88%

Read source

Bitcoin Magazine Regulatory 4 hours ago

Standard Chartered Debuts Bitcoin Trading For Wealthy UAE Clients

Bitcoin Magazine Standard Chartered Debuts Bitcoin Trading For Wealthy UAE Clients The service allows affluent clients to buy bitcoin via their bank accounts. This post Standard Chartered Debuts Bitc...

Confidence

83%

Read source

U.Today Regulatory 8 hours ago