Cryptocurrency News Bitcoin Price Drops to $96K

The cryptocurrency market has been on a downward spiral over the past 24 hours, with Bitcoin (BTC) falling to $96,000 after hitting $99,000 on February 14.

The drop came after the Consumer Price Index data showed an unexpected rise in inflation, which led to strong selling pressure in the overall market.

Bitcoin’s market cap fell to $1.906 trillion, while its dominance remained at 57.3%. Altcoins were also affected in mixed fashion, with XRP down 3%, SOL down 4%, and LTC down 5%, while ADA, ETH, and TRX gained varying amounts ranging from 1% to 4%.

Meme coins were not immune to the decline, with DOGE, SHIB, and TRUMP recording losses, while MEOW, AI16Z, and KET collapsed in double digit percentages.

Overall, the cryptocurrency market cap fell to $3.3 trillion, down 0.88% on the day.