BlockBeats news, on February 27, according to Bloomberg, influenced by stronger-than-expected U.S. inflation data, market expectations for a short-term rate cut by the Federal Reserve have cooled, risk appetite has declined, and Bitcoin fluctuated downward on Friday evening, once dropping toward $65,600, and is currently recovering to around $66,000.
This week's market fluctuations are significant, with prices rebounding to nearly $70,000 on Wednesday, marking the first time since February 16 that they approached this level, but subsequently giving back most of the gains. Market participants noted that the increasing stickiness of inflation has weakened expectations for easing, putting overall pressure on risk assets, and the short-term sentiment in the crypto market fluctuates with changes in macro expectations.
