Bitcoin Returns to $61K Ahead of September CPI Report

The minutes of the September Fed assembly, launched Wednesday, confirmed that policymakers had been divided on how aggressive the central financial institution ought to be. “A considerable majority of contributors” favored a half-percentage level reduce in rates of interest, though some expressed doubts about such a big fee reduce, the minutes mentioned. “Crypto sentiment has returned to the worry zone (39), reinforcing the distinction with 72 (greed) in shares,” mentioned Alex Kuptsikevich, senior analyst at FxPro. “This dynamic can simply be defined by the appreciation of the greenback and the elevated attractiveness of bonds, which reduces institutional traction in bitcoin.” The greenback index (DXY) rose to 102.97, its highest stage since August 16, taking its cumulative achieve because the September 30 low to 2.7% from 100.18, based on information supply TradingView.