$BTC Bitcoin Drops Below $102,400 — Market Correction or Something Bigger?

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On May 13, Bitcoin slipped below the $102,400 mark amid profit-taking and investor caution ahead of upcoming U.S. inflation data. Altcoins followed suit, with some dropping as much as 7%.

What's causing the dip?

Traders are locking in profits after recent highs.

Macroeconomic uncertainty remains a key factor.

Inflation reports and regulatory updates are on the horizon.