Bitcoin Slumps Amid Lingering Inflation Concerns; Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year

Bitcoin (BTC) dipped below $23,000 after the PCE Price Index for January rose 5.4% from a year ago, compared with a 5.3% increase in December. This comes as developer James O’Beirne is warning that the dominant blockchain might lose some very talented contributors if someone doesn’t step up to pay them for their work.