$BTC

Bitcoin experienced a correction today due to several key factors that influenced overall market:

1. Strong US Economic Data

- US employment data came in better than expected. This reinforced expectations that the Federal Reserve is likely to delay interest rate cuts.

2. Inflationary Pressures and Monetary Policy

- Continued inflationary pressures affect investor attitudes, as tight monetary policy often negatively impacts speculative assets such as Bnb

3. Massive Liquidations

- The crypto market often experiences large moves due to the liquidation of leveraged positions. When the price of Bitcoin falls below a certain level, large leveraged positions are liquidated, accelerating the decline.