🚨 Bitcoin falls below $81,000!
Bitcoin came under heavy pressure again after U.S. inflation data came in higher than expected.
BTC fell as low as approximately $80,247, its lowest level in almost a month, as expectations grew that the Fed may maintain a more restrictive stance.
The data is especially important because the crypto market had been trying to recover and is now facing an environment of high interest rates + inflation + lower risk appetite once again.
📉 The key question now:
Will $80K be the support that triggers a rebound, or are we seeing the start of another downward leg?
$BTC
Bitcoin came under heavy pressure again after U.S. inflation data came in higher than expected.
BTC fell as low as approximately $80,247, its lowest level in almost a month, as expectations grew that the Fed may maintain a more restrictive stance.
The data is especially important because the crypto market had been trying to recover and is now facing an environment of high interest rates + inflation + lower risk appetite once again.
📉 The key question now:
Will $80K be the support that triggers a rebound, or are we seeing the start of another downward leg?
$BTC