Bitcoin's price continued to decline, falling below $56,000 despite a favorable CPI report showing a slowdown in inflation. On September 11, as Wall Street opened, BTC/USD faced over 3% in daily losses, ignoring the latest CPI data which indicated a year-on-year inflation rate of 2.5%, the lowest since February 2021. Market expectations for a Federal Reserve rate cut increased, but Bitcoin traders remained cautious, with some expecting further drops to around $55,000. Meanwhile, Bitcoin's correlation with gold weakened, as gold prices hit a new high while Bitcoin declined, suggesting a shift towards more traditional safe-haven assets amid broader market uncertainties.