📉 Bitcoin Drops 5%: After hitting $62,000, Bitcoin faced a sharp 5% loss, bringing more volatility to altcoin investors despite positive inflation and PPI data. Buyers at the dip seized selling opportunities.

❓ Why Did BTC Drop?: Bitcoin rose to $61,800 following CPI data but quickly fell 3%, rebounding from $58,800. Currently at $59,255, altcoins also dipped. Analysts warned of irregular movements with macro data, and the market’s weak response to positive inflation hinted at a possible downturn.

💸 Interest Rates & BTC's Future: As interest rates drop, risk markets like Bitcoin are expected to rise. Fed rate cuts are anticipated as inflation falls, but short-term risks remain. Analyst Roman predicts a further 10% drop to $55,000 before a long-term recovery.

🏦 Resistance at $61,900: This level presents a short-term hurdle. The Fed's upcoming decision on rate cuts will hinge on August inflation data, with potential delays if inflation surprises.