EconomyFed inflation trap threatens Bitcoin below $80K as $100 oil blindsides Friday CPI report
Bitcoin traded below $80,000 on Sept. 8 as oil neared $100 a barrel after attacks disrupted operations at some Saudi energy facilities. Friday’s US CPI report covers August and cannot capture the new shock, leaving the Federal Reserve to weigh inflation, jobs and rates amid an uncertain outlook.
Fed inflation trap threatens Bitcoin below $80K as $100 oil blindsides Friday CPI report
Economy