Hotter-than-expected inflation data released on Wednesday morning has exerted downward pressure on both traditional and crypto markets. Bitcoin, the leading cryptocurrency, is particularly impacted.
As of the latest reporting, Bitcoin is trading at $95,580.74, marking a 1.55% decline within the past 24 hours. This drop also reflects a 3.55% decrease over the past period.
The ongoing inflation concerns are causing market jitters, pushing Bitcoin below the psychological $96,000 threshold and affecting wider market sentiment.
Bron: news.bitcoin.com ↗