Bitcoin Sinks to $80,500 After a Rising U.S. Inflation Print and a Kospi Circuit Breaker

Bitcoin fell below $81,000 during Asian trading on Thursday, touching about $80,500 around 06:00 UTC before steadying near $81,200, CoinGecko data show. Ether traded near $2,370, down about 5% over 24 hours. The drop extended a selloff that began Wednesday, when the U.S. Bureau of Labor Statistics reported that consumer prices climbed 0.6% from August to September and 3.7% from a year earlier. Gasoline drove the jump. The agency said the gasoline index climbed 9.1% in the month, “accounting for over half of the monthly all items increase.” Core inflation, which strips out food and energy, rose 0.3% for a second straight month and reached 2.6% on an annual basis, up from 2.4% in August, according to the release.

First reported by Unchained. This page is a short excerpt; the full text is theirs.