CoinVoice has recently learned that, according to Jinshi reports, Bitcoin has slightly rebounded, but overall it remains at a low level, having briefly fallen to a two-and-a-half-week low the night before. LMAX Group strategist Joel Kruger stated in the report that Bitcoin has been in 'adjustment mode' since hitting an all-time high last week, primarily influenced by U.S. wholesale inflation data exceeding expectations, which has weakened market expectations for a Federal Reserve rate cut. In addition, some of the sell-off may be related to profit-taking by short-term accounts and is also associated with recent statements from the U.S. Treasury Secretary. [Original link]