Bitcoin Falls Below $83K as Hot US Inflation Data Triggers Crypto Selloff

Bitcoin $BTC reportedly dropped below $83,000 shortly after US September CPI exceeded expectations, triggering renewed selling pressure across cryptocurrency markets.
Headline inflation accelerated to 3.7% year over year, while core CPI rose to 2.6%, both above forecasts. The stronger readings prompted traders to reassess the possibility of further Federal Reserve rate hikes.
Higher interest-rate expectations can weigh on speculative assets by increasing financing costs and reducing the appeal of risk-taking.
The immediate Bitcoin decline highlights crypto markets' sensitivity to US macroeconomic surprises, particularly during periods of elevated leverage and volatility.