Inflation fears and rate signals weigh on U.S. stocks as Bitcoin slips below $83,000

News Editor

2026-10-08 00:05:51

U.S. markets pulled back overnight after fresh inflation and policy signals added pressure across risk assets. One-year consumer inflation expectations rose to 3.9%, the highest level in more than three years, while minutes from the Federal Reserve’s September meeting showed all 19 policymakers backed the September rate hike, though for different reasons. Most participants said another increase before year-end could be appropriate. At the same time, Axios reported that the Pentagon had asked U.S. Central Command, or CENTCOM, to complete preparations for resuming major military action against Iran. The report said Donald Trump had not made a final decision and no strike date had been set. U.S. and Israeli officials cited by Axios said any renewed action could come before the Nov. 3 U.S. midterm elections, and possibly before Israel’s Oct. 27 election. Against that backdrop, the three major U.S. stock indexes fell. The Nasdaq ended a five-session winning streak, the S&P 500 moved away from record highs, and the Dow at one point dropped more than 1%. In crypto, Bitcoin fell below $83,000 before finding brief support, last quoted at $83,234.80, according to HTX market data.

U.S. markets retreated overnight as higher inflation expectations, a hawkish Federal Reserve readout and geopolitical developments hit risk sentiment.

According to BlockBeats, U.S. consumers’ one-year inflation expectations rose to 3.9%, the highest level in more than three years, pointing to improved confidence in the labor market.

Fed minutes show broad support for September hike

Minutes from the Federal Reserve’s September meeting showed that all 19 policymakers supported the September rate increase, though their reasons differed. Most participants said another rate hike before the end of the year could be appropriate.

Axios report adds geopolitical pressure

Axios reported that the Pentagon had asked U.S. Central Command (CENTCOM) to complete preparations for resuming major military action against Iran. The report said Donald Trump had not made a final decision and that no specific strike date had been set.

U.S. and Israeli officials said that if operations resume, the timing could come before the Nov. 3 U.S. midterm elections, and possibly even before Israel’s Oct. 27 election.

Stocks fall, with chips and banks under pressure

The three major U.S. stock indexes moved lower. The Nasdaq snapped a five-session winning streak, the S&P 500 pulled back from record highs, and the Dow was down more than 1% at one point during the session.

According to BIT (bit.com) market data, the chip index and the bank stock index both closed down more than 1%. Micron rose 4.06% against the broader move, while Meta fell more than 2% and cybersecurity stock CrowdStrike dropped nearly 5%.

Oil and gold weaken as Bitcoin searches for support

Traders were also watching coordinated oil reserve releases by multiple countries. Bitget market data showed crude oil turned lower intraday. Brent crude, after rising 2% during the session, at one point reversed to a loss of nearly 1%, while WTI crude settled at its lowest level in more than a month.

Gold also fell, hitting a two-month low and dropping more than 2% intraday.

In crypto, HTX market data showed Bitcoin fell below $83,000 overnight before finding brief support. It was last quoted at $83,234.80.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

100

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.