Bitcoin saw snap losses into the Feb. 13 Wall Street open as United States inflation data dealt a blow to risk assets.
Fed March rate cut “likely gone” after hot CPI
Data from Cointelegraph Markets Pro and TradingView followed a 3.8% BTC price decline on the day, bottoming at $48,435 on Bitstamp.
Bitcoin reacted badly to the January Consumer Price Index (CPI) print, which exceeded expectations.
