The U.S. consumer price index (CPI) for September rose above market expectations, leading to a decline in the prices of major virtual assets, including Bitcoin.
According to CoinMarketCap, as of 8 a.m. on October 15, Bitcoin was trading at $81,552, down 2.27% from the previous day.
Previously, Bitcoin had been fluctuating between $82,000 and $83,000, but it began to decline following the release of the U.S. CPI data.
The U.S. Department of Labor reported on October 14 that the September CPI increased by 3.7% compared to the same month last year, surpassing the market expectation of 3.6%. The core CPI, which excludes volatile food and energy prices, also rose by 0.3% from the previous month and 2.6% year-over-year, slightly exceeding market forecasts.
Concerns are growing that the higher-than-expected inflation rate may prolong the Federal Reserve's tightening policy, putting downward pressure on the prices of risk assets like virtual currencies.
Major altcoins also experienced declines. Ethereum traded at $2,416.97, down 3.70% from the previous day. Ripple (XRP) fell by 2.83% to $1.33. Solana and BNB also dropped by 2.38% and 2.04%, trading at $104.26 and $727.43, respectively.
At the same time, on the domestic virtual asset exchange Bithumb, Bitcoin was trading at 11,074,700 won (approximately $82,462), down 0.34% from the previous day. The Kimchi premium, which indicates the price difference between domestic and international markets, was recorded at 1.128%.
* This article has been translated by AI.
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