Altcoins slip as bitcoin (BTC) price steadies before U.S. CPI report: Crypto Markets Today
Bitcoin steadied as traders cut risk, with futures volume down 26% and altcoins slipping ahead of the U.S. inflation report, analysts said.
- Bitcoin struggled below $85,000 resistance on Thursday, October 15, trading largely between $81,000 and $86,000 after failing to sustain a recovery from August lows.
- Wednesday's U.S. inflation data showed annual headline inflation reached 3.7%, exceeding expectations and reviving concerns that the Federal Reserve could raise interest rates this month.
- U.S. spot Bitcoin ETFs recorded $150.5 million in outflows on October 14, reversing the previous day's $175.7 million inflow; market-making firm STS Digital warned uncertainty could weigh on liquidity.
- Trader Lennart Snyder opened a short position near $82,800 after the inflation release, identifying $81,400 and $80,300 as initial downside targets for his trade.
- New York Federal Reserve President John Williams said on October 13 another rate increase could be appropriate before 2026 ends, though investors reduced expectations for further tightening.
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Major cryptocurrency prices are falling as U.S. inflation figures exceeded expectations. According to CoinMarketCap, a global digital asset market data site, as of 8:11 AM on the 15th, Bitcoin was trading at $81,513, down 2.01% from 24 hours ago. Ethereum recorded $2,416, down 3.36%. Major altcoins such as XRP (-2.49%) and Solana (-2.03%)
Bitcoin’s $90K push stalls as ETF buying slows near breakeven: Bitfinex analysts
Bitcoin’s push toward $90,000 has stalled below $87,722 as weekly U.S. spot ETF inflows have fallen from $2.39 billion to $241.1 million, according to Bitfinex analysts. Bitfinex Alpha reported in its Oct. 5 market update that Bitcoin’s recovery needs fresh…
Surprisingly high inflation figures from the US pull down the bitcoin rate. Does the brand hold $80,000? Source: BTC-ECHO BTC-ECHO
Bitcoin fell below $82K following core inflation data in the US that exceeded expectations. The probability of the Fed raising interest rates in October rose to 37 percent, while the strengthening dollar and high bond yields increased selling pressure in the cryptocurrency market. There were also losses on Ethereum and other major cryptocurrencies.
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