U.S. February inflation data matches forecasts, reinforcing expectations for no near-term rate cuts

The price of bitcoin was trading at $69,500 following the news, down 1.2% over the past 24 hours. What to know : February CPI rose 0.3% for the month and 2.4% year-over-year, in line with market forecasts. Markets continue to expect no Fed rate cuts at the central bank's upcoming March and April meetings. Bitcoin was trading at $69,500 following the news, down 1.2% over the past 24 hours.