Why crypto down till september

in #steemit • 2 years ago

Cryptocurrency prices slid again in early morning trading on Thursday when the Bureau of Labor Statistics released the U.S. consumer price index (CPI) for September.

For September, CPI rose 0.4% to 8.2% over the past 12 months. This was higher than the 8.1% that the market was anticipating. In addition, core CPI, which doesn’t include energy and food prices, rose 0.6%. Although this was the same increase as the month of August, this, too was higher than expected. With a 12-month rise of 6.6%, core CPI is now at the highest level it’s been at since 1982.

2 years ago in #steemit by
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