{"id":21105,"date":"2025-02-12T18:00:20","date_gmt":"2025-02-12T16:00:20","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-dips-to-95000-amid-rising-us-inflation\/"},"modified":"2025-02-12T18:00:20","modified_gmt":"2025-02-12T16:00:20","slug":"bitcoin-dips-to-95000-amid-rising-us-inflation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-dips-to-95000-amid-rising-us-inflation\/","title":{"rendered":"Bitcoin Dips to $95,000 Amid Rising US Inflation"},"content":{"rendered":"<p>In January, the US Consumer Price Index (CPI) <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">increased<\/a> by 0.5%. Annually, inflation accelerated to 3%.<\/p>\n<p>The figure exceeded the forecast of 2.9%, according to data from the US Bureau of Labor Statistics (BLS).<\/p>\n<p>The core CPI, excluding food and energy prices, rose 3.3% over 12 months, compared to expectations of 3.1%. The index increased by 0.4% for the month, against a forecast of 0.3%.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? Just In: January US CPI annual inflation rises 3.0%, above expectations for 2.9%.<\/p>\n<p>Core CPI inflation increased 3.3% Y\/Y, higher than forecasts for a gain of 3.1%. <a href=\"https:\/\/t.co\/xREyjJpCry\">pic.twitter.com\/xREyjJpCry<\/a><\/p>\n<p>\u2014 Jesse Cohen (@JesseCohenInv) <a href=\"https:\/\/twitter.com\/JesseCohenInv\/status\/1889668490157568154?ref_src=twsrc%5Etfw\">February 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Housing prices rose by 0.4% in January, contributing nearly 30% to the overall increase. The CPI for energy and gasoline rose by 1.1% and 1.8%, respectively.<\/p>\n<p>Swap and options markets <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html?redirect=\/trading\/interest-rates\/countdown-to-fomc.html\">favour<\/a> the scenario of <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surges-past-105000-following-fed-meeting\">maintaining<\/a> the US Federal Reserve&#8217;s key rate range at 4.25-4.5%. The probability of this scenario is estimated at 97.5%.<\/p>\n<p>Bitcoin prices reacted to the BLS inflation data by dropping to around $94,000. At the time of writing, the asset&#8217;s price rebounded to near $95,000.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-02-12_17-18-36.webp\" alt=\"BTCUSD_2025-02-12_17-18-36\" class=\"wp-image-251655\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USD chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>All major cryptocurrencies by market capitalization were in the red. Most altcoins showed a deeper correction compared to the flagship.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"546\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24-1024x546.jpg\" alt=\"Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24\" class=\"wp-image-251656\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24-1024x546.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24-300x160.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24-768x410.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-24.jpg 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The stock market also reacted with a downturn. The Dow Jones index <a href=\"https:\/\/finance.yahoo.com\/quote\/%5EDJI\/\">lost 1%<\/a> after the start of trading in the US, and the S&#038;P 500 fell by <a href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\/\">approximately 0.8%<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The market after CPI\u2026 ? <a href=\"https:\/\/twitter.com\/search?q=%24SPY&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SPY<\/a> <a href=\"https:\/\/t.co\/hTmltnQ4Yb\">pic.twitter.com\/hTmltnQ4Yb<\/a><\/p>\n<p>\u2014 LuxAlgo (@LuxAlgo) <a href=\"https:\/\/twitter.com\/LuxAlgo\/status\/1889671672824816063?ref_src=twsrc%5Etfw\">February 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Crypto blogger Sheldon The Sniper noted that the last five US inflation data releases almost coincided with Bitcoin&#8217;s local bottoms.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/CPI?src=hash&#038;ref_src=twsrc%5Etfw\">#CPI<\/a> marked the last x5 bottoms for <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> and possibly even more from further back<\/p>\n<p>Prepare! <a href=\"https:\/\/t.co\/D0flqOFORJ\">pic.twitter.com\/D0flqOFORJ<\/a><\/p>\n<p>\u2014 Sheldon The Sniper (@Sheldon_Sniper) <a href=\"https:\/\/twitter.com\/Sheldon_Sniper\/status\/1889664387423584680?ref_src=twsrc%5Etfw\">February 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Prepare!&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>Experts at Standard Chartered have assessed the current market environment as favourable for Bitcoin and the digital asset sector as a whole.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January, the US Consumer Price Index (CPI) increased by 0.5%. Annually, inflation accelerated to 3%. The figure exceeded the forecast of 2.9%, according to data from the US Bureau of Labor Statistics (BLS). The core CPI, excluding food and energy prices, rose 3.3% over 12 months, compared to expectations of 3.1%. The index increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1224],"class_list":["post-21105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21105"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21104"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}