Bitcoin (BTC) price fell further after weak inflation data

Today’s inflation numbers will likely reinforce the idea that the Fed may pause any interest rate cuts in November, but offsetting the disappointing CPI could be some weak employment data. Initial jobless claims – which have been near very low levels for many weeks – rose to 258,000 last week from 225,000 previously and against forecasts for 230,000. It’s unclear, however, how much the aftermath of Hurricane Helene might have affected the data.