Bitcoin Tumbles After Inflation Shock

Bitcoin Drops Below $50,000 as Inflation Data Surprises Investors

Bitcoin experienced a setback on Tuesday, falling 3% to $48,535.17, following the release of higher-than-expected inflation data. The cryptocurrency had reached a milestone the day before by surpassing the $50,000 mark, its highest level in over two years. Currently hovering around $48,600, Bitcoin’s performance is closely monitored by investors and chart analysts.