US January CPI at 2.4% y/y vs 2.5% forecast; Bitcoin taps $67,600, then pulls back

The January CPI print showed 2.4% year over year against a 2.5% expectation, with Core CPI at 2.5% and headline up 0.2% month over month. Heather Long said declines in gas, used cars, and medical care helped offset higher utilities and transportation. Bitcoin briefly reached $67,600 before easing to $67,200 as traders assessed the update.