Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin Drops as Inflation Data Surges Higher Than Expected

Bitcoin Drops as Inflation Data Surges Higher Than Expected

Cointime2024/03/14 16:04
By: Cointime
BTC+0.27%RSR+0.72%

Bitcoin's price has dropped nearly 3% in the last 24 hours following news that inflation in February was higher than expected. The producer price index rose 0.6% last month, indicating that inflation is not going away anytime soon. As a result, stocks, particularly tech stocks, have also dropped. Investors are hoping that the Federal Reserve will cut interest rates by May, which could cause Bitcoin's price to continue to surge.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC/ETH VIP Earn Ultimate Carnival is officially here!
Bitget Announcement2025/09/18 07:12
New spot margin trading pair — FLOCK/USDT!
Bitget Announcement2025/09/18 06:55
0GUSDT now launched for pre-market futures trading
Bitget Announcement2025/09/18 05:39

Trending news

More
1
BTC/ETH VIP Earn Ultimate Carnival is officially here!
2
New spot margin trading pair — FLOCK/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,142.24
+0.34%
Ethereum
Ethereum
ETH
$4,593.27
-0.13%
XRP
XRP
XRP
$3.08
-0.36%
Tether USDt
Tether USDt
USDT
$1
-0.00%
BNB
BNB
BNB
$984.43
-0.37%
Solana
Solana
SOL
$247.35
+0.85%
USDC
USDC
USDC
$0.9997
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2783
-1.69%
TRON
TRON
TRX
$0.3509
+2.04%
Cardano
Cardano
ADA
$0.9241
+1.61%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter