Bitcoin Falls Below $77K as US Inflation Data Strengthens Rate Hike Bets

Bitcoin's price has been under pressure since the release of hotter-than-expected US inflation data. The Consumer Price Index (CPI) rose 0.4% month over month and 3.4% year over year, exceeding forecasts.

This has strengthened expectations that the Federal Reserve could raise interest rates next week, potentially weighing on Bitcoin's price. BTC has already retreated from its recent highs, putting the $76,000 region at the center of attention.

DigiTap, a cryptocurrency project with a beta app live, is nearing the end of its presale rounds. The token remains in presale, and buyers can access the working product before its public-market listing.