Bitcoin and Ether Slide 2-4% as a Hotter-Than-Expected September CPI Pushes Fed Rate-Hike Odds to a Coin Flip

Sentiment 36/100 (Cautious)

4%. 2%. For investors new to crypto, the mechanism to understand is simple: inflation running hotter than expected makes it less likely the Fed will cut rates soon, and reopens the door to another hike at its October 27-28 meeting.