US Inflation Surprises Investors, Bitcoin (BTC) Plummets from $95K

US inflation has once again become an unpleasant surprise for investors: the consumer price index (CPI) came in higher than expected (3% instead of the 2.9% forecast).

US inflation once again brought an unpleasant surprise for investors: the consumer price index (CPI) came in higher than expected (3% instead of the 2.9% forecast). This instantly changed market expectations, and now the Federal Reserve is likely to postpone the first rate cut until December. This triggered a massive sell-off in assets.

Bitcoin (BTC) plummeted from $95K, which led to the liquidation of $163 million in long positions.

Further events that will determine market movements include Donald Trump’s reaction to the new inflation data. Will he continue to put pressure on the Fed to cut rates, or will he allow them to focus solely on macroeconomic indicators?

The crypto market is still showing recovery. Traders are very restrained and frozen in anticipation, as the upcoming decisions of regulators may shock it again.

Bitcoin’s dominance has dropped to 59.89%. Some experts, including Foundation Devices CEO Zach Herbert, expect further decline in the price of bitcoin. This could be a good sign for the start of the altcoin season. However, the altcoin season index is currently at 42, which is still a long way from 75+. Usually, this figure is an indicator of the start of a full-fledged altcoin season.

Meanwhile, TRUMP…

TRUMP token launched on January 17. It rose rapidly in value, reaching $75 per token on January 19 and a market capitalization of $14.75 billion. However, after that, it quickly collapsed: the price is now balancing at $15, and the capitalization has dropped to $3.72 billion. Despite the disclaimer on the official website, which calls for buying the token as a support symbol rather than an investment asset, some traders managed to make huge profits. For example, one investor bought 6 million tokens at $0.18 cents each and sold them two days later, earning $109 million. However, for most, the TRUMP token turned out to be a financial trap. For every dollar in fees, investors lost $20.

According to an analysis by Chainalysis, which ordered The New York Times, losses of token holders reached $2 billionand 813,294 crypto wallets recorded losses. The reason was both a sharp drop in the value of the asset and the sale of coins at unprofitable prices.

While investors lost billions, entities associated with the Trump Organization received about $100 million in fees, although most of these funds have not yet been withdrawn. CIC Digital and Fight Fight Fight LLC, which control 80% of the token, still own the lion’s share of TRUMP.