₿ **Hot inflation data pours cold water on Federal Reserve rate cut hopes**

Bitcoin was trading at $80,814 following the news, down 1.2% over the past 24 hours.

🔗 https://www.coindesk.com/markets/2026/05/12/hot-inflation-data-pours-cold-water-on-federal-reserve-rate-cut-hopes

#crypto #news