The US CPI for January showed a 3% YoY increase, surpassing expectations. Monthly changes reflected a 0.5% rise, indicating a more unfavorable inflation outlook compared to December. The Core CPI also rose to 3.3%, higher than anticipated.

Following the CPI release, Bitcoin’s (BTC) price dropped sharply from 96,500 USD to 94,500 USD, marking its lowest level since the early February decline, highlighting increasing market volatility.