Bitcoin Tumbles Ahead of US Inflation Data and ECB Rate Decision

Bitcoin declined ahead of the highly anticipated U.S. inflation data release and the European Central Bank's (ECB) interest rate decision.

The cryptocurrency market has been closely watching these events, as they can have a significant impact on investor sentiment and asset prices.

The U.S. inflation data is set to be released later today, with investors looking for any signs of increased price pressures that could lead to higher interest rates.