Bitcoin’s price has seen a modest decline recently, primarily due to profit-taking activities and cautious market sentiment. Investors are closely monitoring macroeconomic indicators, particularly the U.S. Producer Price Index (PPI) for April, as concerns about potential inflation resurgence could impact risk appetite . 
Despite these short-term fluctuations, Bitcoin has shown resilience, maintaining levels above $102,000. Earlier in the week, the cryptocurrency rallied, driven by investor optimism over a potential interest rate cut by the U.S. Federal Reserve, following the release of softer inflation data . $BTC