Bitcoin price drops due to US inflation rate increase. Analysts attribute inflation pressure as cause for concern among investors.
According to a new report, the annual inflation rate in the US has reached 3%, which is higher than the expected 2.9%. Additionally, the Core Consumer Price Index (Core CPI) also exceeded expectations with a 3.3% increase compared to the anticipated 3.1%. Following the release of this report, financial markets reacted strongly. The price of Bitcoin faced a sudden drop, falling below $95,000. Analysts attribute the increase in inflation pressure as a cause for concern among investors, which could lead to stricter monetary policies.
