Bitcoin holds above $83,000 as miners fall on hotter inflation
AI-generated briefing · First published
Bitcoin eased after briefly hitting $84,000 while miners fell up to 13% after hotter-than-expected U.S. inflation data.
Bitcoin briefly reached $84,000 before easing back above $83,000 as traders awaited U.S. inflation data, while the CoinDesk 80 fell 0.6%. [1] [2]
U.S. stocks suffered their sharpest selloff since July after September CPI rose 3.7%, exceeding expectations, with the S&P 500 down 1.1% and Nasdaq down 1.9%. [2]
Bitcoin miners that fell more than 12%
- TeraWulf fell 12.64% [2]
- Core Scientific fell 12.44% [2]
- Cipher Mining fell 12.35% [2]
- IREN fell 12.2% [2]
Sources
- Bitcoin holds above $83,000 ahead of U.S. inflation data as altcoins lag
CoinDesk · · Summary only
- Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
Cointelegraph · · Full text