BTC After last week's non-farm data, the strong labor market performance suppressed the possibility of a sharp interest rate cut by the Federal Reserve.

Last night, the US CPI inflation data for September was released, which almost exceeded market expectations. The overall CPI rose by 2.4% year-on-year and 0.2% month-on-month, higher than market expectations. The cryptocurrency market fell, and the market generally believed that the Federal Reserve may have to slow down the pace of interest rate cuts.