SteelWater daily crypto read · 16 Oct 2026

Bitcoin claws back above $82,000 after briefly dipping under $80,000 on a hotter-than-expected September US inflation report.

Sentiment 52/100 (Cautiously Optimistic)

Bitcoin and the rest of the crypto market spent Thursday clawing back ground lost in an overnight selloff, and the story behind the move is a useful lesson in how macro data moves crypto prices even though crypto itself has nothing to do with inflation reports.

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