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Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation

The January CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.

Updated Mar 8, 2024, 9:29 p.m. Published Feb 13, 2024, 3:03 p.m.
Bitcoin fell from the $50,000 level after the January CPI report. (CoinDesk)
Bitcoin fell from the $50,000 level after the January CPI report. (CoinDesk)