Categories: Techno

BTC collapses to $94,000 after US inflation data released

On Wednesday, February 12, Bitcoin BTC fell to $94 000 after the release of US inflation data. The US Department of Labor reported that the consumer price index (CPI) rose by 0.1% in January 2025, reaching 3% year-on-year. For comparison, in December 2024 the figure was 2.9%.

Against the backdrop of this news, the crypto market experienced serious fluctuations. Liquidations in the futures market exceeded $84 million in just one hour. Of that, $66 million was long and $18 million was short, according to CoinGlass.

At the time of writing, bitcoin has recovered slightly and is trading near $95,500. However, the market remains volatile due to macroeconomic uncertainty.

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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