#MarketTurbulence The cryptocurrency markets experienced sharp fluctuations after U.S. inflation data came in stronger than expected, reminding investors once again that Bitcoin remains a high-risk asset.

Just hours after hitting a new all-time high, Bitcoin plummeted by more than 4% in just minutes, following the release of government data showing that wholesale prices in the United States surged in July at their fastest pace in three years. These numbers weakened expectations for interest rate cuts and caused U.S. stock exchanges to retreat, leading Bitcoin to lose momentum after reaching its historic peak of $124,515 late Wednesday evening in New York, a figure that surpassed the previous record set in July.