$BTC The price of Bitcoin is currently experiencing notable fluctuations, having fallen below $103,000 after nearing $105,000 in recent days. This decline comes amid investors' anticipation of the upcoming U.S. Consumer Price Index (CPI) data today, which could significantly influence the Federal Reserve's decisions regarding interest rates, and consequently, market movements.
Additionally, the Governor of Arizona has rejected two legislative proposals that would have allowed direct government investments in cryptocurrencies, further increasing negative pressure on the market.
On the other hand, the company 'Strategy' (formerly known as MicroStrategy) announced the purchase of an additional 13,390 Bitcoins, raising its total holdings to 568,840 BTC, in a move that reflects ongoing institutional confidence in the digital asset.
Despite these challenges, long-term outlooks remain positive, with some analysts predicting the price will reach new record levels in the second half of the year, supported by institutional demand and monetary policies.
