Bitcoin risks worst October in six years following high US inflation data and S&P 500 correlation

Bitcoin (BTC) and the crypto market trended downward on Thursday as the US Consumer Price Index (CPI) data for September showed that inflation is rising again, reducing the already slim chances of the Federal Reserve cutting its interest rate by another 50 basis points in November. source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-risks-worst-october-in-six-years-following-high-us-inflation-data-and-sp-500-correlation-202410102240