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<ul class="news-points"> 
 <li>The crypto market faces significant losses, including Bitcoin.</li> 
 <li>The bearish trend is amid U.S. CPI data anticipation, stirring fear of a sell-off.</li> 
 <li>Pro-Bitcoin hedge fund manager discusses economic alarm bells in the U.S. bond market.</li> 
</ul> 
The crypto market has taken a significant hit recently, with major cryptocurrencies alongside Bitcoin incurring near-double-digit losses. This bearish trend comes following the <a href="https://www.bls.gov/cpi/" target="_blank" rel="nofollow">release</a> of U.S. Consumer Price Index (CPI) data today, October 12. 
Notably, the September CPI, as the U.S. Bureau of Labor Statistics (BLS) released it, stands at 3.7%, against the widely forecasted 3.6%. For context, CPI measures inflation, which tracks the prices of a basket of goods and services consumers purchase in the United States. 
Where CPI comes in higher than expected, it <a href="https://finance.yahoo.com/news/could-us-consumer-price-index-172634609.html" target="_blank" rel="nofollow">could lead to a sell-off</a> in risk assets, including cryptocurrencies, just as the market took significant hits ahead of the CPI publication. On the other hand, a lower-than-expected CPI reading could boost sentiment and lead to a rally in risk-asset markets. 
In July, Bitcoin <a href="https://coinedition.com/selling-pressure-threatens-bitcoin-support-levels-following-fomc-meeting/">experienced</a> an unanticipated increase in selling pressure following the release of the minutes from t…
The post <a rel="nofollow" href="https://coinedition.com/crypto-selling-pressure-intensifies-following-higher-than-expected-cpi/">Crypto Selling Pressure Intensifies Following Higher-Than-Expected CPI</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Selling Pressure Intensifies Following Higher-Than-Expected CPI

Coin Edition

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