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Zenger
Zenger
Mehab Qureshi

Crypto Market Reacts To CPI Increase, Stocks Decline On Treasury Yield Concerns

Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase. This surpassed economist estimates of 0.3% and was slightly lower than the previous month’s 0.6% rise. PHOTO BY KANCHANARA/UNSPLASH

Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase. This surpassed economist estimates of 0.3% and was slightly lower than the previous month’s 0.6% rise.

On a year-over-year basis in September, the CPI increased by 3.7%, slightly higher than the forecast of 3.6%, and similar to August’s rate of 3.7%.

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