🔥 Why Did Bitcoin Drop Below $100k? 🔥
Yesterday's better-than-expected JOLTS Job Openings and ISM Services data from the US shook the markets. 🧨 Bitcoin took a sharp dive below $100K, now trading at $96,278, while equities and altcoins also sold off in response.
📉 So, what’s happening?
The stronger US data signals that the economy remains resilient, fueling expectations of higher-for-longer interest rates by the Fed. This boosted the dollar and Treasury yields, making risk assets like BTC and stocks less attractive.
But here’s the twist: Could this be a buy-the-dip moment or a warning of more pain to come? 🤔
Let’s hear your thoughts below 👇 Are we heading for a deeper correction, or will Bitcoin bounce back stronger? 🚀👀
