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Bitcoin battles US sellers as CPI inflation sees first drop since mid-2024

cryptoweekly by cryptoweekly
March 12, 2025
in bitcoin, News
0

BTC price action sees only temporary relief from lower-than-expected US CPI inflation as familiar Wall Street sellers spoil Bitcoin bulls’ latest charge.

Bitcoin (BTC) saw a classic Wall Street sell-off on Mar. 12 as bears tempered a welcome US inflation slowdown.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching three-day highs of $84,437 on Bitstamp before reversing.

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Recent Posts
  • Bitcoin holds steady as major catalysts align for breakout above $110K
  • Spanish authorities arrest five people in $541M crypto fraud case
  • US Supreme Court will not review IRS case involving Coinbase user data
  • Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming?
  • Price predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
  • First US staking ETF to launch Wednesday, giving investors exposure to Solana
  • Texas makes gold, silver legal tender following governor’s approval

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