StablecoinX is trading 7.98% down at $11.09 as hotter-than-forecast September inflation revived concerns about further Federal Reserve rate hikes.
- September CPI rose 3.7% year over year versus a 3.6% forecast; Reuters said a rate increase later this month was back on the radar.
- Bitcoin was down 1.60% and Ethereum 3.62% since the prior close; Nasdaq was down 1.08%, adding pressure to crypto-related shares amid broader risk-off sentiment.
- The move appears primarily macro-driven, with no verified company-specific announcement.