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