Inflation data sends markets reeling

The cost of doing business in the United States took an unexpected jump in January, casting a shadow over the digital asset market. On February 27, new government data revealed that producers are facing higher price tags, sparking fears that the Federal Reserve might delay its highly anticipated interest rate cuts. Related: U.S. state proposes ban on crypto ATMs Bitcoin faces sudden pressure The cryptocurrency market felt the impact of the news almost immediately. Bitcoin, which had been showing signs ...