#Bitcoin Recovers From Inflation-Driven Decline

$BTC has managed to recover some of its losses from Thursday, trading above $61,000 after a significant drop due to #inflation concerns. The #cryptocurrency fell to $59,000 following a U.S. Consumer Price Index (CPI) report that indicated higher-than-expected inflation in September, dampening hopes for an interest rate cut by the Federal Reserve next month. As of Friday, Bitcoin was approximately 0.25% higher than the previous day, while the broader digital asset market saw gains of 1.65% as measured by the CoinDesk 20 Index.