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coinpedia 2024-02-13 16:49:32

Crypto Market Under Pressure: The Impact of January’s CPI Figures

The post Crypto Market Under Pressure: The Impact of January’s CPI Figures appeared first on Coinpedia Fintech News The release of the U.S. Consumer Price Index (CPI) data for January has sent shockwaves through global financial markets, with significant implications for the cryptocurrency sector. Bitcoin, in particular, experienced a notable drop following the announcement, shedding its grip on the $50K mark. U.S. CPI Data The U.S. Bureau of Labor Statistics (BLS) reported that …

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