Bitcoin Price Takes a Hit as Investment Products See $430 Million Outflow After Fed’s ‘Hawkish’ Comments

Bitcoin suffers $430M in outflows after hawkish Fed and inflation concerns Fed Chair Jerome Powell hints at slower rate cuts, increasing market uncertainty U.S. CPI data for January shows 3% inflation, higher than expected Bitcoin (BTC) took a price dip, following a series of hawkish comments from Federal Reserve Chair Jerome Powell and a surprising spike in U.S. inflation. The hawkish rhetoric from the Federal Reserve led to major outflows from digital asset investment products. James Butterfill of CoinShares shared that this was the first big outflow after a 19-week streak of inflows totaling $29.4 billion. Bitcoin, which is sensitive to interest rate changes, was hit hardest, seeing outflows of $430 million. Inflation Data Adds Pressure During a recent Congressional hearing, Powell suggested that rate cuts might take longer than previously expected, hinting that interest rates could stay elevated for an extended period. At the same time, the latest U.S. inflation data caught many off guard. The Consumer Price Index (CPI) for January showed a 3% increase, surpassing the 2.9% level of December, with prices jumping by 0.5% in January alone—higher tha… The post Bitcoin Price Takes a Hit as Investment Products See $430 Million Outflow After Fed’s ‘Hawkish’ Comments appeared first on Coin Edition .