Investing.com– Bitcoin’s price fell on Thursday, losing more ground as risk appetite remained constrained after inflation came in stronger than expected in the U.S. in September.
The world’s biggest cryptocurrency was also pressured by speculation over the sale of a large number of tokens held by the U.S. government, although such a sale still appeared distant.
Broader crypto markets also declined on Thursday, largely lagging gains in other risk-driven markets, especially stocks.
fell 1.6% to $61,004.0 by 09:03 ET (13:03 GMT).
CPI data slightly hotter than anticipated
Bitcoin was pressured by some resilience in the , amid growing uncertainty over the Federal Reserve’s plans to cut interest rates further.
The minutes of the Fed’s September meeting showed policymakers largely supported the central bank’s 50 basis point cut last month. But they were uncommitted to…
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