U.S. September CPI seen as key variable for BTC

CoinShares said the U.S. consumer price index for September, due this week, is a key variable for Bitcoin’s price. The firm explained, "비트코인과 나스닥 지수의 상관관계가 장기 평균의 약 40% 수준으로 높아지고, 물가연동채권과의 상관관계도 강화되고 있다." CoinShares added Bitcoin could retest $80K if core CPI rises 0.3% from the previous month, as that would lift expectations for a Federal Reserve rate hike in October. If the reading comes in at 0.2% or lower, support would likely build for delaying a rate decision until December.