Bitcoin Slips Below $83,000 After Hotter-Than-Expected US Inflation Data

Bitcoin fell below $83,000, trading near $82,827, after U.S. September consumer price data came in hotter than expected, driven by rising gasoline prices. The largest cryptocurrency by market cap dropped nearly 1% over 24 hours as the inflation surprise revived concerns that the Federal Reserve could keep interest rates higher for longer. Traders care because sticky inflation pressures tend to strengthen the dollar and weigh on risk assets like crypto, making the $83,000 level a near-term support to watch.