Bitcoin rejects sell-off as 7.5% US inflation fails to keep BTC down for long

Bitcoin (BTC) fell immediately on the latest United States consumer price index (CPI) data on Feb. 10 in a surprise move that deflated bulls. 

Spot the Bitcoin bear trap

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dropped $1,800 after January’s CPI print came in at 7.5%.

Despite being 0.2% higher than expected, surging inflation failed to have the positive impact on risk assets such as Bitcoin that…