**Bitcoin's Rollercoaster: BTC Price Drops Despite Positive CPI Data**

Bitcoin (BTC) experienced a wild ride on Aug. 14, with prices initially surging to nearly $62,000 following the latest Consumer Price Index (CPI) report. The CPI data, which came in below expectations, was anticipated to boost risk assets like crypto. However, Bitcoin's rally was short-lived.

- **Price Spike and Drop**: BTC/USD hit $61,809 on Bitstamp but plummeted by over 3% within an hour.

- **Market Reactions**: Trader Daan Crypto Trades noted the CPI results were as expected, suggesting minimal long-term market impact.

- **Fed Rate Speculations**: CME Group’s FedWatch Tool indicated a small interest rate cut might be on the horizon.

- **Future Predictions**: Trader Roman forecasted a potential drop to $55,000, citing low trading volume as a barrier to sustained price increases.

Stay tuned for more updates as the market continues to evolve.