
Bitcoin Price Today: Dips to $96.4K Amid Surging US Inflation Concerns and Anticipated Fed Updates
Edited by Matt Waller
Bitcoin’s latest price action reflects heightened market anxiety as fresh US inflation data and impending Federal Reserve commentary reshape investor sentiment. At 01:30 ET (6:30 GMT) on Monday, the world’s leading cryptocurrency slid 1.3% to approximately $96,400, intensifying volatility after a period of cautious optimism.
Fresh Inflation Data Fuels Market Uncertainty
A recently released US Consumer Price Index (CPI) report for January has revealed that inflation continues to hover above the Federal Reserve’s 2% target. This persistent inflation has rekindled fears among investors about a prolonged period of aggressive monetary tightening. According to several fresh market analyses, these inflation figures suggest that the Fed could remain o...