🟠 Bitcoin fell to $73,700 amid hotter-than-expected US inflation
CPI data came in above expectations, triggering a wave of sell-offs across the crypto market. Bitcoin pulled back to $73,700, while total liquidations reached $723 million.
Pressure intensified from several directions at once: ETFs are seeing outflows, and large holders are selling their positions. Hot inflation is lowering expectations for Fed rate cuts—a historically negative signal for risk assets, including crypto.
$BTC
CPI data came in above expectations, triggering a wave of sell-offs across the crypto market. Bitcoin pulled back to $73,700, while total liquidations reached $723 million.
Pressure intensified from several directions at once: ETFs are seeing outflows, and large holders are selling their positions. Hot inflation is lowering expectations for Fed rate cuts—a historically negative signal for risk assets, including crypto.
$BTC
