Higher-than-expected inflation data preceded a correction on Tuesday morning that brought Bitcoin (BTC) below the $50,000 price level. According to the Bureau of Labor Statistics, the US consumer price index (CPI) rose by 0.3% in January, a 3.1% increase year-on-year and a decline from 3.4% in December. The numbers were hotter than the 0.2% that The post Hot Inflation Data Triggers Crypto Correction After Bitcoin Hits $50,000 for First Time Since 2021 appeared first on The Daily Hodl .
