📉 Bitcoin dropped to $48,800 after US inflation data! 😮 The January Consumer Price Index (CPI) report showed annual inflation of 3.1%, higher than analyst forecasts.

📊 According to CME FedWatch Tool, interest rate cut expectations in May decreased from 52% to 34%.

🔹 Bitcoin fell 2% below $49,000 following inflation data.

🔹 CoinDesk 20 (CD20) index lost 2.4% value across the cryptocurrency market.

🔹 US Treasury bond yield and S&P 500 index also decreased.