Bitcoin drops below $81,000 following U.S. inflation data
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Bitcoin fell below $81,000 as core inflation rose to 2.6% and tech shares dropped, with U.S. spot bitcoin ETFs registering $261 million in net outflows, CoinDesk reported.
Bitcoin (BTC) dropped below $81,000 on October 15, declining 2.6% over a 24-hour period, CoinDesk reported. A higher-than-expected U.S. inflation print briefly pushed the token to nearly $84,000 on October 14 before the price slid to around $80,400 early on October 15.
Core inflation rose to 2.6% against a 2.5% forecast, raising expectations of another Federal Reserve interest rate hike at its October 27–28 meeting. Technology equities also weighed on sentiment, with Nasdaq 100 futures sliding 1.2% after Anthropic told prospective investors its revenue grew $16.8 billion in the third quarter, signaling slower growth.
Broader digital asset markets declined alongside Bitcoin. Zcash (ZEC) fell 11% to roughly $1,100, Ether (ETH) dropped 5% to about $2,370, and U.S. spot bitcoin ETFs recorded approximately $261 million in net outflows on October 14, according to SoSoValue data.
Key facts
- BTC traded under $81,000
- U.S. core inflation at 2.6%
- Spot BTC ETFs lost $261M
- ZEC fell 11% to $1,100