BITCOIN PRICE TODAY : BTC FALLS 3.6 % AS US WHOLESALE INFLATION JUMPS 1.3 % IN SEPTEMBER

What happened: Bitcoin fell 3.6% to around $81,500 after US wholesale prices rose sharply in September, raising concerns about inflation and the Federal Reserve's next rate decision. Key numbers: BTC down 3.6%, around $81,500, 24-hour low $80,443. PPI up 1.3% in September from August, versus a revised 0.5% prior. PPI up 6.3% year over year, fastest since December 2022. Why it matters: Bitcoin fell below its 50-day moving average and failed to break $84,000, a level analysts watched as a barrier. Market expectations stayed divided ahead of the Fed's October meeting. Coverage: 5 outlets in 24h

Bitcoin fell 3.6% to around $81,500 after US wholesale prices rose sharply in September, raising concerns about inflation and the Federal Reserve's next rate decision.

Bitcoin fell below its 50-day moving average and failed to break $84,000, a level analysts watched as a barrier. Market expectations stayed divided ahead of the Fed's October meeting.