Bitcoin Faces Uncertainty Amid Market Tensions and Rising Inflation Concerns
Right now, Bitcoin traders on Binance are feeling anxious as the price could drop below $100,000, possibly even falling to a range between $87,000 and $95,000. The uncertainty is being fueled by a public spat between Donald Trump and Elon Musk, which has left many uneasy about the market's future. Additionally, upcoming inflation data (CPI) is on everyone's radar. If the inflation numbers come in high, the US central bank may hold off on lowering interest rates, making Bitcoin less appealing to investors. To add to the pressure, some long-term Bitcoin holders are selling off their assets to lock in profits, increasing the selling activity in the market. It's a rough patch for Bitcoin right now, and traders are feeling the jitters! 😬