Bitcoin’s value has decreased after reports revealed that February’s inflation rate exceeded expectations. The largest cryptocurrency by market capitalization has dropped nearly 3% in just 13 hours, as reported by CoinGecko. The cost of one coin is $70,920. Bitcoin reached a record high of just over $73,700 overnight. The Bureau of Labor Statistics reported a 0.6% increase in the producer price index last month. Predicted to increase by only 0.3%, indicating that inflation is still a issue to be dealt with. This index monitors price changes from manufacturers and serves as a crucial gauge for inflation. Initially, stocks remained relatively stable, but have since declined. The S&P 500 has declined by 0.2% and the Nasdaq, which focuses on technology stocks, has dropped almost 0.2%. The Dow Jones Industrial Average has also decreased by approximately 0.3%. U.S. stocks, especially in the tech sector, are considered high-risk investments and typically decrease in value when there is significant inflation, along with cryptocurrencies. Investors are anticipating a potential interest rate cut by the Federal Reserve in May, but this may not happen if inflation remains high in the largest economy in the world. Analysts believe that the price of Bitcoin will continue to rise if interest rates are lowered. The approval of spot Bitcoin exchange-traded funds (ETFs) in January has caused a surge in the price of Bitcoin and the overall cryptocurrency market. These ETFs allow investors to invest in Bitcoin without actually holding it physically, leading to increased investment inflows and trading volumes. Andrew Hayward edited the information stating that the 10 ETFs received over $1 billion in net inflows this week and now have more than $60 billion in assets under management.