Crypto Market Fluctuations Follow Inflation Report Release

Bitcoin prices experienced volatility after the release of a U.S. inflation report, initially surging but subsequently losing momentum. Bitcoin (BTC) briefly dipped to $110,000. Amidst anticipation for upcoming announcements and disclosures throughout the week, market observers anticipate significant shifts in price fluctuation. While optimism about the overall market trend persists, pseudonymous analyst Mister Crypto cautions against complacency. He highlights a potential downturn in the market as long-term Bitcoin holders are currently selling off their holdings while short-term traders are buying in, marking potential peaks. 30-day moving averages suggest this could be a temporary market peak.