Bitcoin, Ethereum and the Entire Crypto Market Plummet on Poor U.S. Inflation Data

TL;DR Bitcoin’s price dropped by 1.91%, while Ethereum and other cryptocurrencies also saw significant losses due to an unexpected rise in inflation in the U.S. for January. The Consumer Price Index (CPI) increased by 3% year-over-year, surpassing analysts’ expectations, raising concerns about potential persistent inflation. Despite the decline, many analysts remain optimistic about... source: https://crypto-economy.com/bitcoin-ethereum-and-the-entire-crypto-market-plummet-on-poor-u-s-inflation-data/