Citing Bpaynews, Bitcoin fell nearly 30% this month, with prices briefly dipping toward $87,000 amid record $3.5 billion in net outflows from U.S.-listed Bitcoin ETFs. The selloff coincided with stronger U.S. producer price data, complicating expectations for Federal Reserve rate cuts. U.S. retail sales rose 0.2% in September, while the PPI increased 0.3% month-over-month, driven by energy costs. The market remains sensitive to inflation data, bond yields, and liquidity conditions across crypto and equities.
Bitcoin Slumps 30% as ETF Outflows Hit $3.5 Billion, Mixed U.S. Data Cloud Fed Outlook
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