Bitcoin Hits Lowest Point Since February 3

On Wednesday, Bitcoin experienced a significant drop, reaching its lowest price since February 3. This decline came in the wake of the latest CPI report, which revealed that annual inflation had risen to 3% in January, further deviating from the Federal Reserve's 2% target. Despite this setback, Bitcoin has seen an impressive 60% increase over the past year, though its growth in 2025 has been modest at just 1.6%.

Market Reaction

At 9:19 am ET, Bitcoin's value decreased by 0.97%, trading at $94,844.781. Similarly, Ethereum faced a downturn, losing 0.70% and trading at $2,584.61 at the same time.