Major cryptocurrencies fell on Wednesday after U.S. inflation came in above economists’ expectations, putting pressure on risk assets as traders reassessed the Federal Reserve’s next move on interest rates.

Bitcoin (CRYPTO: $BTC) dropped 1.80% to $82,000, while Ethereum (CRYPTO: $ETH) lost 2.8% to around $2,440. Solana (CRYPTO: $SOL) fell 2.77%, and XRP (CRYPTO: $XRP) declined 2.57%. The total cryptocurrency market capitalization slipped 02.18% to $2.74 trillion.

The Consumer Price Index rose 0.6% in September, pushing annual inflation to 3.7% from 3.4% in August, according to the Bureau of Labor Statistics. Economists had forecast a 3.6% annual increase. Gasoline prices jumped 9.1% during the month,…