U.S. September CPI comes in hot, sending bitcoin sharply lower

60-second summary

U.S. September CPI rises sharply, registering a 0.6 % month‑over‑month increase that pushes annual inflation to 3.7 %, prompting Bitcoin to tumble over 8 % in a single session; the hotter data revives expectations of additional Federal Reserve rate hikes, tightening monetary conditions and likely sustaining downward pressure on crypto valuations.