Bitcoin Plummets Amidst Inflation Worries & Market Turmoil

Bitcoin’s value recently dropped to a new low of $86,050, coinciding with growing concerns about inflation in the US. Analysts are attributing this decline to several factors, including a surge in consumer inflation expectations and recent political decisions under the Trump administration which have impacted economic data. This drop has sent shockwaves through the cryptocurrency market, with the fear index plummeting to its lowest point in years.