Bitcoin · New York · Federal Reserve (FED) · Bitcoin Magazine
Bitcoin’s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data
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The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York.
Key facts
- The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York
- The biggest cryptocurrency is currently nearly 36% below the record of $126,080 it touched last October
- Over a 24-hour period, it’s only down over 1% after making a recovery
- Bitcoin’s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data
Summary
Bitcoin has recovered slightly despite its price getting hit again by hotter-than-expected inflation data. Bitcoin’s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data. Over a 24-hour period, it’s only down over 1% after making a recovery. Data Thursday from the Labor Department’s Bureau of Labor Statistics showed U.S. producer prices rose in September at the fastest pace in more than four years.