Bitcoin Takes a Dip: Is This Just a Correction or a Sign of Weakness?

Bitcoin (BTC) recently experienced a downturn, dropping below $124,000 after hitting an all-time high. The decline follows the release of unexpectedly strong US inflation data that has impacted investor confidence and fueled dollar strength. Analysts suggest this economic uncertainty is dampening market hopes for a Fed rate cut next month. 📈 The price of BTC currently sits at $115,600 after falling over 2% in the last 24 hours, with Ethereum (ETH) and XRP also showing significant declines. Concerns linger about investor confidence as markets await new catalysts for recovery.