Offchain: Bitcoin dips below $80K as hot inflation revives hike fears

Inflation is back in the headlines, and not in a good way. September’s hotter-than-expected CPI print sent Bitcoin briefly below $80,000 and wiped out more than $900m in leveraged positions along the way. Meanwhile, Wall Street is drawing new lines around crypto, from MSCI’s index rules to a wave of big companies saying no to tokenised shares. Last week, we said September’s CPI print would go a long way to deciding the Fed’s next move. It didn’t bring good news.