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.