Bitcoin returns to $61,000 ahead of September CPI report

Minutes from the Fed’s September meeting, released Wednesday, showed that policymakers are divided on how aggressive the central bank should be. A “substantial majority of participants” were in favor of cutting the interest rate by half a percentage point, although some expressed concerns about such a large increase, the minutes said. “Crypto sentiment has moved back into the fear zone (39), reinforcing the contrast with 72 (greed) in equities,” said Alex Kuptsikevich, senior analyst at FxPro. “This dynamic is easily explained by the appreciation of the dollar and the increased attractiveness of bonds, which reduces institutional traction in bitcoin.” The dollar index (DXY) rose to 102.97, its highest since Aug. 16, extending its cumulative gain from a Sept. 30 low of 100.18 to 2.7 percent, according to data source TradingView.