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Bitcoin drops as U.S. inflation fears rise, driven by soaring oil prices beyond Fed control

Market News
15 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops as U.S. inflation fears rise, driven by soaring oil prices beyond Fed control

Bitcoin and the broader crypto market fell sharply following U.S. inflation data that raised concerns about potential interest rate hikes. The inflation surge, primarily driven by a sharp rise in oil prices, poses a challenge for the Federal Reserve since monetary policy cannot directly reduce oil costs. Despite the pullback, Bitcoin's fixed supply supports a longer-term bullish outlook, with the correction seen as a buying opportunity amid a healthy bull market. Further short-term declines are possible, but key support levels suggest resilience.

Bitcoin's recent slide amid oil-driven inflation concerns comes as 46 of 50 major cryptocurrencies on Pluang fell today. For readers following crypto markets, here is Pluang's snapshot as of Oct 15, 2026 14:02 WIB: SUSHI dropped 10.50% to Rp3.849 with 68% sell orders, ALGO fell 10.27% to Rp1.948 with 75% buy orders, and MANA declined 9.65% to Rp1.516 with 86% buy orders. The typical hold times on Pluang range from 102 to 156 days for these assets.

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