$BTC Digital currencies today can be summarized in the following points:
1. Profit-taking: After periods of rising prices, some investors decide to sell their holdings to realize the profits gained, leading to an increase in supply and consequently a decrease in prices.
2. Macroeconomic factors:
* Inflation data: Investors' anticipation of upcoming inflation data in the United States (Consumer Price Index CPI and Producer Price Index PPI) increases caution. This data can influence the Federal Reserve's decisions regarding interest rates.
* Dollar strength: A rise in the US Dollar Index may make other assets, such as digital currencies, less attractive compared to the dollar.
* Trade tensions: Ongoing trade tensions between the United States and China can negatively impact investor sentiment and drive them towards safer assets.
3. Regulatory uncertainty: Any negative news or developments related to tightening regulations on digital currencies or the possibility of a ban on them in certain areas can trigger fear and lead to widespread selling.