Bitcoin đȘ
During the week from October 4 to October 11, Bitcoin fell by more than 2% â instead of heading to $70,000, it is trading around $60,000. At the same time, on the weekly timeframe, the first cryptocurrency even fell below $59,000.đ
Source: tradingview.com
One of the main reasons for the decline in BTC was the data on the consumer price index in the United States. Thus, the indicator grew by 0.2%, which is slightly higher than the predicted 0.1%. The main reason for this dynamic was the increase in food prices. Also, the negative was the increase in the number of applications for unemployment benefits to 258,000. This is the largest jump in the indicator in a year. Its main reason was hurricanes Helen and Milton.
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