India, Oct. 14 -- Hotter-than-expected consumer price inflation readings released from the U.S. on Wednesday morning dampened sentiment in the cryptocurrency market. Overall market capitalization has dropped close to half percent overnight while market leader Bitcoin traded between $84,049 and $82,283.
The U.S. Bureau of Labor Statistics released the consumer price inflation readings for September on Wednesday morning which showed hotter-than-expected inflation position. Headline annual inflation which was seen rising to 3.6 percent from 3.4 percent in the previous month recorded 3.7 percent. The core component thereof which was seen rising to 2.5 percent from 2.4 percent in the previous month actually recorded 2.6 percent. Headline inflat...