Bitcoin retreats below $49k as CPI release dashes hopes of rate cuts

Bitcoin (BTC) price saw a significant pullback, erasing gains from Monday as investors recalibrated their expectations for the Federal Reserve's monetary policy following the release of January Consumer Price Index (CPI) data. The flagship crypto was trading at $48,753 as of press time — a notable deviation from its re

Bitcoin (BTC) price saw a significant pullback, erasing gains from Monday as investors recalibrated their expectations for the Federal Reserve's monetary policy following the release of January Consumer Price Index (CPI) data. The flagship crypto was trading at $48,753 as of press time — a notable deviation from its recent upward trajectory.