Gate News Bot report, on October 23, according to CoinMarketCap data, as of the time of writing, it is currently priced at $0.09, a fall of 3.86% within the last 24 hours, with a highest point of $0.20 and a lowest point of $0.08. The current market capitalization is approximately $939,000, a decrease of nearly $3,773,000 compared to yesterday.
4 Recent Important News:
1️⃣ **US inflation data raises market concerns**
The US September CPI data is expected to show a growth rate similar to that of August, with both overall and core CPI year-on-year likely close to 3.0%, which is one percentage point higher than the Federal Reserve's target of 2.0%. The direction of change in inflation levels may cause more concern for the Federal Reserve, making it difficult to reach target levels in the short term, which could affect the overall sentiment in the cryptocurrency market.
2️⃣ **Institutional investors in Solana