Tag: U.S. Inflation

  • Bitcoin Slumps Below $95K as Hot U.S. Inflation Data Shocks Markets

    Bitcoin Slumps Below $95K as Hot U.S. Inflation Data Shocks Markets

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    by

    Oscar

    Bitcoin (BTC) plunged below $95,000 after fresh U.S. inflation data revealed prices rising faster than anticipated in January. The unexpected surge in the Consumer Price Index (CPI) sent shockwaves through financial markets, dimming hopes of early interest rate cuts by the Federal Reserve. CPI Numbers Exceed Forecasts The latest CPI report showed a 0.5% month-on-month…