Bitcoin’s price is experiencing a decline as concerns over rising U.S. inflation and potential interest rate hikes by the Federal Reserve weigh on market sentiment. While traditional financial markets such as the Nasdaq and S&P futures show positive signs, Bitcoin’s trading volume has decreased, indicating investor uncertainty amidst ongoing volatility. 12.35% decrease in trading volume highlights a lack of confidence and changing market dynamics. The recent price surge for Bitcoin has been countered by inflation concerns, pushing it back towards $114,439.98 – marking a slight 0.5% gain over the last 24 hours. This downturn follows a sharp rise triggered by expansion in DeFi applications and institutional investments. The U.S. Consumer Price Index (CPI) has registered significant inflation, with the latest CPI reading reaching 2.7% to 2.9%. This trend suggests persistent economic pressure that is affecting investment trends.