I also wouldn't say that the price drop was caused by this inflation report. The high inflation was expected and I highly doubt that anyone is surprised by the levels of inflation in the US.
How can you say the cpi report has nothing to do with the dump. After their report S&P500, gold, bitcoin, and EUR/USD took a nose dive simultaneously. If this inflation continues to worsen, I'm pretty sure more dumps will happen and bitcoin might go lower than $18k. Many are speculating that we haven't reach the bottom yet in this bear season so I think this economic crisis will be the one that will trigger it in the coming months.
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