Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up. $BTC $ETH $BTC Bitcoin fell over 4% to around $58,000, leading to a broader market drop where other major cryptocurrencies like Ether, Solana, Cardano, BNB Chain, and XRP fared slightly better, with losses ranging from 2.5% to 3.8%. The decline came after by the release of U.S. CPI data, despite positive stock market reactions. U.S.-listed spot Bitcoin ETFs saw net outflows, with Grayscale's GBTC being the most affected, while Ether ETFs saw continued inflows, with BlackRock's ETHA notably gaining.