The latest U.S. inflation data revealed figures higher than anticipated, causing Bitcoin to dip below the $59,000 mark. This development has intensified fears of a more hawkish stance from the Federal Reserve, potentially impacting Bitcoin's rally.
With the expectation of tighter monetary policy, investors are cautious about the effects on cryptocurrency markets, particularly Bitcoin, as inflationary pressures mount in the U.S.
As the Federal Reserve grapples with its response, Bitcoin's future price trajectory remains uncertain, hinging on further economic indicators and central bank policies.
