Bitcoin does its usual pre-CPI jitterbug.

Bitcoin dipped back down to around $74,000 as traders braced for the latest U.S. inflation data and its implications for Federal Reserve interest rate policy. The market is fully pricing in another rate hike, a move that typically saps enthusiasm for riskier assets like cryptocurrencies. This price action follows bitcoin's recent surge above $75,000, showing how tightly its fortunes are knotted to traditional macroeconomic indicators.

The routine dance continues: crypto markets gyrate wildly on every murmur from the Fed, proving digital assets' 'store of value' narrative is still hostage to old-school finance. For traders, it's another day of watching inflation charts instead of blockchain metrics, while users are reminded their decentralized future is being priced by centralized bank decisions. The takeaway? In crypto, the only constant is reacting to the same old economic reports with fresh panic.