- Major cryptocurrencies were broadly weaker, with Bitcoin falling into the $80,000 range and Ether dropping more than 5%.
- The US September consumer price index (CPI) came in above market expectations, damping sentiment across risk assets including cryptocurrencies and stocks on concerns over additional rate hikes.
- As AI investment worries and a sharp drop in tech shares deepened, the South Korean stock market and large semiconductor stocks also fell sharply, leaving both equities and cryptocurrencies under pressure.
Forecast Trend Report by Period
Bitcoin fell into the $80,000 range and Ether dropped more than 5%, as major cryptocurrencies came under broad pressure….
