Bitcoin tumbles to $18,100 following hot U.S. inflation report
U.S. inflation for the month of September was up 8.2% year-over-year (YoY), which exceeded market expectations of 8.1%, per the consumer price index (CPI) report. Bitcoin fell close to $18,000 following the data release.
On October 14, however, Bitcoin experienced a remarkable recovery, increasing 3.65% to $19,800. Coins in the top 10 climbed from 2-7% simultaneously. SHIBA INU and XRP are currently in the lead with gains of 6.85% and 6.86%, respectively.