Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control

Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control

Market Analysis
October 14, 2022 by keithhill530
247
[ad_1] Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours.  The abrupt movement