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📰 BITCOIN HITS ONE-WEEK LOW AFTER HIGHER-THAN-FORECAST U.S. INFLATION DATA Bitcoin falls to a one-week low as the dollar rises along with U.S Treasury yields after U.S. inflation data came in higher than anticipated. Inflation rose 3.0% year-on-year and 0.5% month-on-month in January, versus expectations of 2.9% and 0.3% respectively in a WSJ survey of economists. In December inflation rose 2.9% year-on-year. Bitcoin falls 2.3% to a low of $94,121, compared to $96,517 before the data, according to LSEG. Higher inflation lessens prospects of Federal Reserve interest-rate cuts, weighing on risky assets, including cryptocurrencies.

February 12, 2025
Frank

BITCOIN HITS ONE-WEEK LOW AFTER HIGHER-THAN-FORECAST U.S. INFLATION DATA

Bitcoin falls to a one-week low as the dollar rises along with U.S Treasury yields after U.S. inflation data came in higher than anticipated. Inflation rose 3.0% year-on-year and 0.5% month-on-month in January, versus expectations of 2.9% and 0.3% respectively in a WSJ survey of economists. In December inflation rose 2.9% year-on-year. Bitcoin falls 2.3% to a low of $94,121, compared to $96,517 before the data, according to LSEG. Higher inflation lessens prospects of Federal Reserve interest-rate cuts, weighing on risky assets, including cryptocurrencies.