Currently, the price of Bitcoin $BTC is around $103,882 USD, after experiencing fluctuations in the last 48 hours. The price dipped to $101,065 before recovering. Despite the recovery, market momentum shows signs of weakening as BTC struggles to break through the previous high of $105,787.

Factors Affecting the Price:

US Inflation Data (CPI): Investors are awaiting the release of CPI data that could influence the Federal Reserve's interest rate decisions, creating uncertainty in the market.

Regulation in Arizona: The Governor of Arizona vetoed two bills supporting crypto adoption, including a proposal for the state pension fund to invest in Bitcoin, adding pressure to market sentiment.