Bitcoin Retreats to $76,800 After U.S. Core Inflation Rises
- —Crypto market liquidations totaled $278 million as BTC fell to $76,800
- —U.S. core CPI rose 0.3% month-over-month versus 0.2% expected
- —Probability of a 25 basis point Fed rate hike rose to 87%
- —Stablecoin market capitalization fell 0.06% to $305.25 billion
Why it matters: Accelerating core inflation strengthens expectations of Fed tightening, weighing on Bitcoin and high-risk assets.
Source: TokenPost