Bitcoin Hits Weekly Low Amid Inflation Data

Bitcoin's value took a significant hit, dropping below $95,000 to its lowest point since February 3. This decline comes in the wake of the latest CPI report, which revealed that annual inflation has risen to 3% in January, surpassing the Federal Reserve's target of 2%. Despite this downturn, Bitcoin has seen a remarkable 60% increase over the past year, although its growth in 2025 has been modest at just 1.6%.

At 9:19 am ET, Bitcoin experienced a 0.97% drop, with its price settling at $94,844.781. Similarly, Ethereum wasn't spared, witnessing a 0.70% decrease at the same time, bringing its price down to $2,584.61.