BTC price headwinds increase as inflation worries return for the Fed, with Bitcoin dropping nearly 4% versus the day’s highs.
Bitcoin (BTC) saw snap losses into the Feb. 13 Wall Street open as United States inflation data dealt a blow to risk assets.
Data from Cointelegraph Markets Pro and TradingView followed a 3.8% BTC price decline on the day, bottoming at $48,435 on Bitstamp.
Bitcoin reacted badly to the January Consumer Price Index (CPI) print, which exceeded expectations.
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Source: https://cointelegraph.com/news/bitcoin-price-drops-hot-cpi-markets-fed-rate-cut