BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021.
Bitcoin (BTC) extended losses at the Sept. 11 Wall Street open as positive United States macro data failed to lift crypto markets.
Data from Cointelegraph Markets Pro and TradingView followed BTC price action as a US sell-off took daily losses past 3%.
Now under $56,000, BTC/USD shrugged off the August print of the Consumer Price Index (CPI), which showed inflation slowing in line with expectations. This came in at 0.2% month-on-month and 2.5% year-on-year, data from the US Bureau of Labor Statistics confirmed.
