Bitcoin Plunges to $77,000 as CPI Data Sparks 70% Rate Hike Odds — BTC Price Analysis

Bitcoin (BTC) tumbled to $77,000 on Wednesday as the latest U.S. Consumer Price Index (CPI) report fueled market volatility, pushing the probability of an interest rate hike to nearly 70%. The flagship cryptocurrency extended its losses as traders digested hotter-than-expected inflation data, which reinforced expectations that the Federal Reserve may tighten monetary policy further. BTC price action remains under pressure, with key support levels now in focus. Investors are closely monitoring macroeconomic indicators and Fed policy signals for direction. The broader crypto market also felt the impact, with major altcoins mirroring Bitcoin's bearish momentum. Stay tuned for live updates on Bitcoin price movements and CPI-driven market reactions.