Altcoins slip as bitcoin (BTC) price steadies before U.S. CPI report: Crypto Markets Today
Summary
Bitcoin traded near $83,450 after touching $84,000 and recovering from a Tuesday low of $80,970. Altcoins were mixed to weaker, with the CoinDesk 80 down 0.6% and the Altcoin Season index easing to 55. Markets watched the U.S. CPI report, the final inflation reading before the Fed’s Oct. 28 decision; economists expected annual inflation to rise to 3.6% from 3.4%. New York Fed President John Williams said he saw no need for rate increases in 2027 but left open the possibility of another increase this year. S&P 500 futures rose 0.2%, while Brent crude hovered near $106 a barrel.
