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%

Sources

  1. Bitcoin holds above $83,000 ahead of U.S. inflation data as altcoins lag

    CoinDesk · · Summary only

  2. Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July

    Cointelegraph · · Full text

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