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Bitcoin Slips as US Inflation Jumps as Expected, ECB Slows Asset Purchases

The US inflation rate hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again, along with falling stock...

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Bitcoin Slips as US Inflation Jumps as Expected, ECB Slows Asset Purchases
 
The US inflation rate hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again, along with falling stock markets in both Europe and the US. (Updated at 14:48 UTC: updates throughout the entire text)...
Read More: Bitcoin Slips as US Inflation Jumps as Expected, ECB Slows Asset Purchases

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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