Bitcoin fell, with the news likely to further raise the odds of a Fed pause at the its next policy meeting in November.

• The CPI rose 0.2% in September and the core CPI rose 0.3%, both numbers stronger than anticipated
• The data reinforces the notion that not only will the Fed not cut rates 50 basis points in November, but might chose to not trim rates at all.
• Already under pressure over the past 10 days, the price of bitcoin fell a bit more following the numbers.

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