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September US inflation came in hot, with oil prices pushing it higher, and bond yields are heading toward 24-year highs. Higher yields make Bitcoin less attractive, and it fell below $82,000.

Official data shows inflation jumped, with gasoline a big driver. It raises the odds the Fed keeps rates high or even hikes, which tends to weigh on Bitcoin.

Inflation beat forecasts, and both Bitcoin and gold dropped. Traders are now debating a possible October rate hike, which would add more pressure.
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