Bitcoin and Ethereum Prices Drop Amid Inflation Concerns, Market.
$BTC : After briefly breaking the $100,000 mark earlier this week, it fell 5% to $96,527.
$ETH : It fell 8.5% in the last 24 hours to $3,314.
Other Crypto currencies : Major tokens like $DOGE & $AVAX saw losses exceeding 10%.
The #decline follows macroeconomic signals pointing to persistent inflation and tighter monetary policies.
Inflation Concerns: Faster-than-expected growth in the U.S. economy, according to #ISM data, has fueled concerns about long-term inflation.
Analysts suggest that Trump’s crypto-friendly administration could signal a shift in US economic and cryptocurrency policies, with key appointments such as Scott Bessent as Treasury Secretary and Elon Musk as advisor.
*This is not an investment advice.
