Add as a preferred source on GoogleBitcoin Trades Near $84,000 as U.S. Inflation Report Looms
September CPI is scheduled for release Oct. 14 at 8:30 a.m. ET (12:30 p.m. UTC); its effect on Bitcoin remains uncertain.
Bitcoin (BTC) traded around $83,500 on Oct. 14 after approaching $83,900 during Asian trading, with $84,000 serving as a nearby resistance level as traders awaited U.S. inflation data.
The Bureau of Labor Statistics is scheduled to release the September Consumer Price Index on Oct. 14 at 8:30 a.m. ET (12:30 p.m. UTC). The report could shift expectations for Federal Reserve policy, though its effect on Bitcoin remains uncertain.
August CPI, the latest reading available before the September report, showed prices rose 0.4% from July and 3.4% over 12 months.
On Sept. 16, the Federal Open Market Committee raised its target range by a quarter percentage point to 3.75%–4.00% and said inflation remained elevated. The September Producer Price Index is scheduled for Oct. 15 at 8:30 a.m. ET (12:30 p.m. UTC).
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.