Speculative trading cools, Bitcoin approaches a cyclical low, Nasdaq closes down nearly 2%

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Speculative trading cools, Bitcoin approaches a cyclical low, Nasdaq closes down nearly 2%BlockBeats news,October 15, according to HTX market data, Bitcoin 24-hour decline 2.02%, currently quoted at 81,480 USD, approaching the lower end of its recent trading range. Even as cryptocurrency analysts have turned markedly bullish, Bitcoin remains weighed down by the broader pullback in risk assets. As the largest cryptocurrency by market capitalization, Bitcoin traded near 81,700 USD.

Interest in speculative trading cooled and the cryptocurrency market weakened after inflation data came in above expectations and chipmaker stocks were sold off again. The Nasdaq 100 Index fell 2%，USD rose to 2025 year May's highest level.September After consumer price growth hit a new high since April, traders further increased their bets that the Federal Reserve would continue raising interest rates.

Higher U.S. inflation data raised investor concerns over Federal Reserve rate hikes. At Wednesday's U.S. market close, the Dow fell 0.09%, the S&P 500 Index fell 1.1%, and the Nasdaq fell 1.88%. Micron Technology (MU.O) fell 4%，SK Hynix (SKHY.O) fell 6%, NVIDIA (NVDA.O) fell 3%，Coreweave(CRWV.O) fell more than 15%, Dell (DELL.N) fell more than 11%.

Original link https://m.theblockbeats.info/flash/371867

Key points

HTX Data show that Bitcoin's 24-hour decline was 2.02%, quoted at 81,480 USD。
Bitcoin approached the lower end of its recent trading range and traded near approximately 81,700 USD.
The Nasdaq 100 Index fell 2%, and the Nasdaq fell 1.88%。
USD rose to 2025 year May's highest level.
The Dow fell 0.09%, and the S&P 500 Index fell 1.1%。
The article stated that inflation data exceeded expectations and chipmaker stocks were sold off, dampening market interest in speculative trading.
Traders further increased their bets that the Federal Reserve would continue raising interest rates.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

After inflation data exceeded expectations, investors worried that the Federal Reserve would continue raising interest rates. Rate concerns and falling chip stocks increased risk aversion, sending Bitcoin, the Nasdaq Index, and multiple technology stocks lower in tandem.

Why it matters to readers

This indicates that Bitcoin and other risk assets were affected by the same round of market sentiment and interest-rate expectations.

When the market expects interest rates to rise, investors generally reduce speculative trading in high-volatility assets, and Bitcoin and technology stocks may come under pressure simultaneously.

Risks and unknowns

The main text does not provide the original source or specific figures for the inflation data.
The main text does not specify the exact price at the lower end of Bitcoin's recent trading range.
The market performance and causal explanations in the article come from the cited media report and still require verification against original market data.

Speculative trading cools, Bitcoin approaches a cyclical low, Nasdaq closes down nearly 2%

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