US inflation rises to 3.7 percent, core rate above forecast: what matters now for Bitcoin

US consumer prices rose 3.7 percent in September against the previous year. Economists had expected 3.6 percent. The core rate, which excludes energy and food, rose 2.6 percent and was therefore also above the forecast of 2.5 percent. For the crypto market this is the last inflation reading before the Federal Reserve's rate decision on October 28. Bitcoin trades at around $82,880 after the figure, barely moving from where it stood before publication. What is decisive for the coming two weeks is not the 3.7 percent headline but the gap between the two readings.