Bitcoin has experienced a notable decline, slipping over 4% to around $58,000 following the release of the latest U.S. consumer price index (CPI) figures. The fall in Bitcoin's value has prompted a broader market drop, affecting other major cryptocurrencies such as Ether (ETH), Solana (SOL), Cardano (ADA), BNB Chain (BNB), and Ripple's XRP with losses ranging from 2.5% to 3.8%.
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