On Wednesday, Bitcoin remained under $100,000 after the release of the U.S. consumer price index for January, dampening expectations of increased quantitative easing later this year.

At the time of writing, Bitcoin is trading at a price of $97,110.19, according to CoinGecko data.

Last month, inflation in the U.S. spiked by 3%, revealing that prices for everyday goods and services are continuing to rise. This news indicates that the Federal Reserve still sees inflation as a potential problem, and is likely to maintain current interest rates.

The presence of ongoing inflation also means that investors are less likely to move toward risky assets like Bitcoin, and may prefer safer assets in the short-term.

President Donald Trump’s threat of tariffs has also jolted markets, with the nonpartisan, D.C-based Tax Foundation recently projecting that Chinese tariffs would impose a $172 cost on each U.S. household. However, if all of Trump’s recent proposed tariffs go into effect, this year each American household would suffer a cost of over $800 , the group said.

Meanwhile, Ether, the world’s second-largest cryptocurrency, is currently trading at $2,661.92. Memecoins like Dogecoin are also rising, valued at $0.26, while altcoins such as XRP have increased to $2.44.

“Memecoins drove some of the highest returns in crypto over the past six months, but at the cost of a vast majority of users facing significant losses,” said Austin King, CEO of Omni Labs, a firm focused on improving access to Ethereum’s on-chain economy. “We’re now seeing a much needed and healthy correction, where investor attention is consolidating around Bitcoin. While this is causing a decrease in prices for longer-tail assets like altcoins, it is a more sustainable way to onboard users into the on-chain economy because their likelihood of seeing positive returns are substantially higher.”