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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dips-following-higher-than-expected-inflation-data/" data-wpel-link="internal">Bitcoin Price Dips Following Higher-Than-Expected Inflation Data</a><br></p>
<p style="text-align: justify">Today, the price of <a href="https://coin-turk.com/dunyaca-unlu-analistten-heyecanlandiran-aciklama-ralli-icin-bu-sart" data-wpel-link="internal">Bitcoin</a> broke records in the morning, reaching $73,777. However, it began to fall with the release of US <strong>inflation</strong> data. <a href="https://en.coin-turk.com/bitcoin-btc-falls-below-26000-levels-crypto-market-in-decline/" data-wpel-link="internal">Bitcoin</a> retreated to a level of $69,880. Interestingly, the decline was accompanied by a drop in stock prices. Early on Thursday, Bitcoin’s price approached $74,000 but fell after US inflation data was released, along with leading stocks.</p> 
<h2 style="text-align: justify" id="bitcoin-slides-down">Bitcoin Slides Down</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> experienced a downturn following news that inflation in February was higher than expected. Bitcoin fell to $69,880. Data released today from the Bureau of Labor Statistics showed that the producer price index increased by 0.6% last month. Expectations were for an increase of only 0.3%. This indicates that inflation has not yet subsided.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-327558 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-kriptopara-coin-turk-com-.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">Initially, stocks did not move much, but they fell after the data was released. The S&amp;P 500 retreated by 0.2%, while the tech-heavy Nasdaq dropped by about 0.2%. The Dow Jones Industrial Average also fell by approximately 0.3%</p> 
<h2 style="text-align: justify" id="is-bitcoin-price-dependent-on-interest-rates">Is Bitcoin Price Dependent on Interest Rates?</h2> 
<p style="text-align: justify">Investors are hoping that the <strong>Federal Reserve</strong> will lower interest rates by May, but if inflation does not decrease in the world’s largest economy, the central bank may keep interest rates steady.</p> 
<p style="text-align: justify">Experts say that if interest rates are lowered, the price of <strong>Bitcoin</strong> will continue to rise. Bitcoin and the broader crypto market surged after the approval of spot Bitcoin exchange-traded funds (ETFs) in January, allowing investors to shift towards cryptocurrency without the need to physically hold and store it.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-dips-following-higher-than-expected-inflation-data/" data-wpel-link="internal">Bitcoin Price Dips Following Higher-Than-Expected Inflation Data</a></h5>

Bitcoin Price Dips Following Higher-Than-Expected Inflation Data

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