Bitcoin Price Dips Ahead of CPI Report: Is This Just a Correction?

The cryptocurrency world is notorious for its volatility, and recent Bitcoin price fluctuations provide an excellent example. While only days ago, the price reached over $106,000, it has since dropped below $103,000, hitting approximately $102,388 on May 12th. This dip sparked questions about the market’s future trajectory. Was this a sign of a larger downturn or just a temporary pause? Understanding the driving forces behind this price movement is key for navigating the current crypto landscape.