Crypto Price Check: Bitcoin Prices Edging Up After CPI Runs Hot

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The Street

By Rob Lenihan The crypto-stock correlation has weakened somewhat, but it still remains positive, one analyst says. Cryptocurrency prices were edging up recently as core consumer prices spiked higher for a second consecutive reading. The headline consumer price index for the month of September was estimated to have risen 8.2% from last year, down from the 8.3% pace recorded in August but faster than the consensus forecast of 8.1%. How Will the Market Price Bitcoin?Bitcoin was up slightly to 19,122.33 in afternoon trading on Oct. 13, according to data firm CoinGecko. Ether, the native currency …

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