$BTC Sudden Drop in the Cryptocurrency Market!

The crypto markets experienced sharp fluctuations today, with Bitcoin falling below $113,000 after U.S. inflation data came in higher than expected and increasing investor fears of a hawkish stance from the Federal Reserve at the upcoming Jackson Hole meeting.

🔻 Key reasons behind the drop:

High inflation data → A wave of selling and liquidation of positions exceeding $1 billion.

Market concerns over Federal Reserve Chairman Jerome Powell's speech.

Profit-taking by long-term investors after prices reached record levels.

⚠️ Markets are currently on high alert, and breaking the $112,500 level could open the door for further declines. Meanwhile, any positive signals from the Fed could restore confidence and push prices back up.

📊 Advice: In light of these circumstances, risk management is essential, and it is important to keep up with global economic developments moment by moment.