Bitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.
Bitcoin (BTC) price witnessed a 0.5% drop at the Wall Street open on April 10, as markets responded to the United States Consumer Price Index report printing higher-than-expected figures.
Data from Cointelegraph Markets Pro and TradingView shows that the BTC price dropped as much as 2.5% from the April 10 opening at $69,115 to an intra-day low of $67,463 on Coinbase.
Bitcoin’s price reacted to the March Consumer Price Index (CPI) data, which exceeded expectations. The inflation in March rose 0.4% month-on-month and 3.5% year-over-year, versus 0.3% monthly increase and 3.4% year-over-year estimates from the Dow Jones economists survey.
