The fall comes after the cryptocurrency experienced a meteoric rise, fueled in part by the reelection of Donald Trump.

The price of the world’s largest crypto is up 2.5% over the last 24 hours to last trade at $99,334. It hit $100,843 overnight before pulling back again. Wednesday’s U.S. core

The token's price was up after December's CPI data showed a decline in the core inflation rate. Bitcoin ETFs see a record four days of outflows. Madison Mills joins Morning Brief to outline what investors need to know.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Bitcoin rose modestly early Wednesday as investors await the latest U.S. inflation reading. The world’s largest cryptocurrency traded largely flat over the last 24 hours to $96,910, according to CoinDesk data.