U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower.
The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December’s 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2.9% and 2.9% in December.
The so-called core CPI, which excludes food and energy costs, rose 0.4% in January versus an expected 0.3% and 0.2% the previous month. Year-over-year, core CPI was higher by 3.3% versus 3.1% expected and 3.2% in December.
Already trading in downward trend this week, the price of bitcoin (BTC) fell sharply in the moments following the disappointing report, slumping below the $95,000 level. The broad CoinDesk 20 Index was lower by 2.9% over the past 24 hours.
U.S. stock index futures fell about 1% on the news and the 10-year Treasury yield jumped 10 basis points to 4.63%. Gold dipped more than 1% and the dollar index rose 0.5%.
After bursting through $100,000 shortly
We współpracy z: https://www.coindesk.com/markets/2025/02/11/disappointing-u-s-cpi-data-sends-bitcoin-tumbling-below-usd95k
