The release of higher-than-expected inflation data has led to downward pressure on both traditional and crypto markets. Bitcoin's price has declined and the cryptocurrency is struggling to maintain its momentum. The inflation data has sparked worries and uncertainty in financial markets, including the crypto market. Bitcoin's market capitalization has fallen, signaling reduced investor confidence. Bitcoin dominance has increased, indicating that investors are consolidating into bitcoin rather than other digital assets. BTC futures open interest has risen, suggesting traders are positioning for potential price moves. However, liquidation data shows continued volatility. Bitcoin faces a challenging near-term outlook and its price may test support levels if selling pressure continues. Investors will closely monitor macroeconomic developments, particularly signals from the Federal Reserve.



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