According to CoinShares on October 16, Bitcoin fell to $81,473, down 2% over seven days, after U.S. inflation data came in hotter than expected. The firm's Head of Research, James Butterfill, said Bitcoin's near-term setup is difficult but not fundamentally bearish, as the macro environment sits awkwardly between elevated inflation that prevents Fed easing and a resilient economy that precludes policy shifts. Butterfill advised long-term investors to view coming weeks as data-driven ranges rather than trends and to size digital asset exposure against strategic allocation.
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