BTC Drops 2.36% to $105,852 Amid Softer US Inflation and Fed Rate Cut Speculation

Bitcoin (BTCUSDT) experienced a 2.36% decline over the last 24 hours, with the current price at $105,852.14 on Binance, attributed primarily to softer US inflation data and speculation about potential Federal Reserve interest rate cuts. While the Producer Price Index and Consumer Price Index both indicated cooling inflation, leading to cautious market sentiment, these macroeconomic signals have contributed to short-term volatility and profit-taking after recent gains. Despite the pullback, Bitcoin remains above key support levels, with a 24-hour trading volume of $52.6 billion and a market capitalization of $2.13 trillion, reflecting ongoing high liquidity and resilience relative to broader market corrections.