Major cryptocurrencies took a slight breather on Tuesday evening amidst a sudden surge of volatility in the cryptocurrency market. What Happened: Bitcoin surged above $73,000 for the first time, only to swiftly retreat by nearly 6% before modestly rebounding. The price of BTC responded to the February Consumer Price Index (CPI) data, surpassing expectations at 0.4% as reported by the U.S. Bureau of Labor Statistics (BLS). The year-on-year rate saw an increase to 3.2%, exceeding the estimated 3.1% and January’s 3.1%. The volatility in the market has led to the liquidation of over $363 million w…
