Discover why Bitcoin price dropped after US inflation data release. Learn about the factors influencing the cryptocurrency market. Follow real-time digital currency prices.
Following the release of the Consumer Price Index (CPI) report in the US, which was weaker than expected, the price of Bitcoin (BTC) initially rose but selling pressure in the stock markets prevented its further growth. Today, the price of Bitcoin reached $84,539 but immediately faced selling pressure and dropped to $80,626. Some analysts believe in a bullish outlook, while others emphasize the need for Bitcoin to surpass key levels to resume its upward trend.
