US PPI Jumps to 6.3% as Bitcoin Slips Toward $80,500
US producer inflation exceeded forecasts in September, while Bitcoin slipped toward $80,500 and jobless claims remained low at 199,000.
Bitcoin is the first and most widely recognized cryptocurrency, created as a decentralized digital alternative to traditional money. It operates on a public blockchain that records all transactions transparently and immutably, without relying on banks or central authorities. Bitcoin introduced the concept of peer-to-peer digital value transfer, secured by cryptography and a global network of miners. Its fixed supply of 21 million coins is designed to make it scarce, often leading to comparisons with digital gold. Over time, Bitcoin has evolved from a niche experiment into a globally traded asset, widely used as a store of value, investment vehicle, and benchmark for the entire crypto market.
US producer inflation exceeded forecasts in September, while Bitcoin slipped toward $80,500 and jobless claims remained low at 199,000.
Mastercard and BVNK’s new Global Money Platform combines fiat accounts, stablecoins, cards and bank payouts, with Nuvei and Marqeta among early integrators.
US spot Bitcoin ETFs lost $261.46 million and Ether funds shed $129.51 million on October 14, more than reversing the previous day’s combined inflows.
Bitcoin fell below $81,000 and Ether under $2,400 on October 15, extending crypto losses after US inflation data before recovering from their overnight lows.
Patrick Witt says the administration is reviewing budget-neutral ways to add Bitcoin, including gold revaluation and mining, without announcing purchases.
US spot Bitcoin ETFs attracted $175.62 million and Ether funds added $24.84 million on October 13, ending a ten-session outflow streak for Ether.
Turkish media report that HEX and PulseChain founder Richard Heart was detained in Istanbul, as associated tokens suffer steep daily losses.
Standard Chartered’s UAE launch lets eligible Professional Investors trade Bitcoin and Ether through bank accounts, with custody and settlement managed in-house.
Ledger has asked resellers in six Southeast Asian countries and Hong Kong to stop wallet sales while it investigates pre-sale tampering.
Strive’s proposed SATS offering would carry a fixed 15% dividend rate and an 18-month payout reserve, with Bitcoin among the planned uses.