US CPI exceeds expectations! Bitcoin fell below US$73,000, Ethereum approached US$2,000, and PPI became the next key
The latest U.S. inflation data has once again hit the cryptocurrency market. The Consumer Price Index (CPI) increased by 0.4% month-on-month in October, and the core CPI increased by 0.3% month-on-month, both higher than market expectations, increasing pressure on the Federal Reserve to raise interest rates in December. Bitcoin continued to weaken after the data was released, once falling below $73,000 and hitting a minimum of about $72,691. 〈U.S. CPI exceeds expectations! Bitcoin fell below US$73,000, Ethereum approached US$2,000, and PPI became the next key. This article was first published on "Blocker".
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