Bitcoin rose early Wednesday as investors reacted to the latest U.S. inflation reading.The world’s largest cryptocurrency was up 2.9% over the past 24 hours to $99,032, according to CoinDesk data. It is up more than 40% since Nov.

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

Bitcoin (BTC) continues its recovery, trading above $97,000 on Wednesday after retesting its key psychological level at $90,000 earlier this week. The upcoming US Consumer Price Index (CPI) data release could bring volatility to Bitcoin, and traders should watch for it.

Inflation fears are eating away at Bitcoin’s post-election gains, and consumer prices rose a greater-than-expected pace in December.

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