Add as a preferred source on GoogleBitcoin Stayed in a 28-Day Range Through Oct. 19 as Inflation Rose
September consumer prices rose 0.6% from August and 3.7% from a year earlier. The Fed’s policy statement is scheduled for Oct. 28 at 2 p.m. ET (18:00 UTC).
Bitcoin (BTC) remained within the range of its Sept. 21 candle for 28 days through Oct. 19, a period of low volatility ahead of the Federal Reserve’s next policy meeting.
Bitcoin’s 28-day volatility neared its mid-August lows on Oct. 19.
The Consumer Price Index rose 0.6% in September from August and 3.7% from a year earlier, up from a 3.4% annual increase in August. Prices excluding food and energy rose 0.3% month over month.
The Nasdaq Composite closed at 26,140.03 on Oct. 16, down 4.48% from its Oct. 9 close of 27,366.17.
The Federal Open Market Committee meets Oct. 27-28. Its policy statement is scheduled for 2 p.m. ET (18:00 UTC) on Oct. 28.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.