Bitcoin slips below $82,000 on hot inflation
High oil prices pushed US inflation up, and bond yields climbed toward 24-year highs.
Photo by sadiq abdulmalik on Unsplash
- A hot US inflation report, driven by oil, hit Bitcoin.
- Bond yields climbed toward their highest level in 24 years.
- Traders still lean toward the Fed holding rates in October.
Bitcoin dropped below $82,000 on October 14 after a hot US inflation report. High oil prices were behind the jump in consumer prices, and bond yields moved toward 24-year highs. On Polymarket, traders still lean toward the Fed holding rates steady in October, though a hike is far from ruled out.
The latest US consumer price index (CPI) came in hot, with high oil prices pushing inflation up. Bond yields climbed toward their highest level in 24 years. Bitcoin slid below $82,000 as markets reacted.
Hotter inflation can push the Fed to keep rates high or even raise them, which tends to weigh on assets like Bitcoin. In our 15-minute Bitcoin and Ethereum markets, trading was lighter than on a normal day during the same hours, and most wallets came out behind overall. Part of that period was still unfinished or missing when we counted, so the picture may change.
Fed Decision in October?
The chance traders put on each outcome: the price of a share that pays $1 if it happens.
- No change88%
- Rate hike (0.25%)12%
Odds as of Oct 18, 2026, 8:40 PM ET · $46.9M traded · See the market on Polymarket
What 15-minute traders did
Polymarket has a Bitcoin and an Ethereum market every 15 minutes: will the price be up or down at the end? We counted every wallet that traded them from Oct 14, 2026, 8:30 AM ET to 11:45 AM ET, the 2 hours either side of the story.
From Polymarket's public data. A wallet's result is its profit or loss across both sides of a market. “A normal day” is the middle value of the same hours on the 7 days before. These are everyone's trades, not CandleOdds results. More market data
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Photo by Pawanpreet Singh on Unsplash
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Odds change all the time; the numbers in the cards are from the time shown. This is news and data, not financial advice. Trading involves risk, and you can lose money. CandleOdds is a verified Polymarket Builder and an independent app, not endorsed by Polymarket. How we make these