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

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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