Bitcoin Drops 3.6% as US Wholesale Inflation Surges 1.3% in September
Bitcoin fell over 3.6% on Thursday after US data showed wholesale prices rose 1.3% in September, much faster than August's 0.5%. The Producer Price Index increase raised inflation concerns and uncertainty over the Federal Reserve's next interest rate move. Bitcoin traded near $81,500, dipping below its 50-day moving average and hitting a 24-hour low of $80,443.
HT World·



