🟡Bitcoin has fallen to $94,771, with altcoins losing 20–30% in a single day. The drop was triggered by the release of strong economic data from the United States. The growth in job openings (8.1 million), the services PMI index (54.1), and ISM services prices (64.4) have heightened expectations for sustained high interest rates.
🟡Investors are concerned that the Federal Reserve will continue tightening monetary policy, reducing the appeal of cryptocurrencies. Declining retail interest and profit-taking by institutional investors are adding to the pressure.
🟡The market is now awaiting January data on inflation and interest rates, which could shift the dynamics and potentially push Bitcoin back above $100,000.