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BTCUSD -1.93%
Bitcoin prices reverse losses
Inflation comes in hot
BTCUSD seesawed Thursday morning, extending the volatile swings from a day earlier when crypto traders reacted to the latest inflation data out of the US. Turns out, consumer prices are back where they were seven months ago — at 3.0% year-over-year growth, above the 2.9% expected..
The news wasn’t well received by Bitcoin maxis who rushed to sell their beloved token. Prices dipped to levels below $94,000 from $97,000. But it lasted only for a while.