bitcoins price is not the lowest its been in the last 14 days. so id say.. calm down..
and also zoom out of the hourly/minute charts..

no one can judge overall market sentiment of reactions to long term inflation results as being the cause of temporary minute/hourly price changes..

so dont be checking the per minute/hourly level charts trying to assign reason for all small movements and dont get emotional/concerned with the per minute/hourly movement

instead
look at the the quarterly charts and assign a bottom amount it ever reached. and then if it reaches the quarterly bottom again.. . then try to find reason.

Technically btc should go up with news linked to inflations in fiat markets because logically Bitcoin's point becomes stronger with every bit of depriciation in dollar. I think this was just a market reaction to the news immediately overall this will should give green signs in bitcoin as this is an absolutely positive news. If anyone has another point how these can be connected please do tell.

Few weeks ago, I commented on a similar post to this, which was speculating the reason behind Bitcoin dropping about 2 or 5% within a short time.

It seems like most of these 'media houses' simply Google recent events whenever Bitcoin price drops and writes an article on how that is what stimulated the price action. This is mostly inaccurate as it's just a regular day in Bitcoin market cycle.
Zooming our of the charts a bit more, this drop would be quite insignificant.

This thread is a better fit in speculation board as that discussed trading action and price movements, but it's not really a general topic for Bitcoin discussion.

Unfortunately the time span you use is too short. Compare inflation rates over the years with charts that are minutes or hours long. Obviously not a balanced benchmark. Perhaps you mean the short-term impact after the announcement made Bitcoin drop below $30K. This decline could be only temporary due to the panic of the US public to temporarily withdraw their finances in the Exchange.

I don’t think this is the bottom, we are only mid way through 2022. The halving is still 2 years away. If we are to follow the path from previous cycles there is still a capitulation event to come, we haven’t seen it yet.

Just prepare & be ready to buy under $25,000.

Inevitably, inflation is going to skyrocket in US and in Europe due to the economical policies adopted by FED and ECB, but for now it's still profitable for big investors to participate these traditional markets, because interest rates are going to increase, what can be really profitable on short run, just like ponzi schemes are for early investors. However,once inflation hits hard and in high intensity, those investors will cashout their profits and come back to crypto market in order to protect their funds by investing on the most reputable cryptocurrencies (mainly bitcoin and ethereum) while speculating part of their funds, as usual, in altcoins. That is the next bull run I'm waiting for.

That is my read of the scenario and that is why I think bitcoin is still dropping with such news. Investors are fleeing for now, but they are going to come back soon.

Remember that correlation doesn't equal correlation, and quite frankly when you're looking at data like this, with such a small time frame it's almost impossible to take anything conclusive from it, even ignoring the above phrase.

I don't think it will have much a short or long term impact on the price of Bitcoin. At the end of the day Bitcoin is its own currency, and doesn't depend on USD. However, the higher inflation rates rise, the more people who will be looking for alternatives, and Bitcoin will be at the top of the list.

Bitcoin was originally created to negate the inflation on fiat currencies, so a news about high inflation rate on the USD should naturally affect the price of bitcoin positively. Therefore, if your chart says bitcoin moved downward when the report was released it can only means that it has no effect whatsoever on Bitcoin.

It seems the media always find a way to link any economic report to bitcoin even when the charts clearly say otherwise.

Expect bitcoin to go up within the next few days, the CME gap that ought to be filled has been filled, likewise btc longs is getting more pump on bitfinex, such longs mostly indicates the bottom its been accurate for the past few years, so all in all we might see 34k within the next few days, I'm expecting a very high volatility of the market, longs is gonna be liquidated likewise short will also be liquidated, lots of manipulation incoming

The reason for the current dump in the price of the Bitcoin market can be caused by many reasons which are the market's current momentum are still bearish, and for some weeks now the BTC market has always gone dips during the weekend. Therefore, the report of the US inflation rate hitting a 40year high is not the reason behind the downtrend of the Bitcoin market and if history repeats itself in the BTC market I believe we haven't seen the bottom price.