Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike

The price of Bitcoin sank following the release of Consumer Price Index (CPI) data by the United States Bureau of Labor Statistics (BLS), showing a 0.1% increase in August, taking the unadjusted value to 8.3%. The post Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike appeared first on CryptoSlate.