Bitcoin faces an $8,000 trading trap as US midterms approach

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 16 Oct, 09:40 UTC

Two hot inflation reports in two days resulted in Bitcoin falling below $80,000 on Oct. 15. September CPI accelerated to 3.7% from 3.4%, and producer prices jumped 1.3% on the month, the largest rise since March 2022 and more than double the forecast in most surveys. Can-Luca Köymen, investment…