$BTC dropped from around $87,000 to an intraday low of $83,654.39 after stronger-than-expected economic data revived fears of another interest-rate hike. Ethereum also pulled back to roughly $2,600.

Traders are now pricing in nearly a 70% chance of a further 25-basis-point hike next month, putting more pressure on risk assets. Even so, analyst Ali Martinez believes Bitcoin’s long-term target is still $100,000. #BTC Price Analysis# #BTC #Macro Insights# #Bitcoin #BTC Correction Incoming?#