In the past 24 hours, BTC has recorded a %2.76 decline, dropping to around $115,000 and ranking among the day’s losing assets.
The higher-than-expected U.S. inflation data may have weakened rate-cut expectations, which could have strengthened the dollar and triggered selling pressure on cryptocurrencies. In addition, recent reserve-related statements from the U.S. may have negatively impacted investor confidence.
