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

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