Trading in %Bitcoin (CRYPTO: $BTC ) has been volatile over the past 24 hours following a hotter-than-expected inflation report in the U.S. The price of Bitcoin fell 4% to below $59,000 U.S. immediately after the U.S. inflation data was made public but has since rebounded to trade above $61,000 U.S. The big price moves in Bitcoin, and other cryptocurrencies, come after the U.S. Consumer Price Index (CPI) showed a re-acceleration of inflation in September. The strong September inflation data has thrown into doubt the U.S. Federal Reserve’s next move on interest rates. Futures markets are now bet…