Crypto retreats as higher inflation fuels rate-hike concerns, Gemini says

By Public Technologies
  • September consumer prices rose 0.6%, versus 0.4% in August, increasing the risk of further Federal Reserve interest rate hikes.
  • Bitcoin fell below $82,000 before rebounding Thursday; ethereum dropped below $2,500.
  • The Philadelphia Semiconductor Index lost 12% over six trading sessions, wiping out $1.6 trillion in market value.
  • BlackRock’s crypto ETF assets reached $79.6 billion in the third quarter, supported by $7.9 billion in inflows.
  • Despite inflation pressures, prediction market traders assigned a 69% probability to unchanged Fed rates at October’s meeting.


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