Anndy Lian: Bitcoin drops as U.S. CPI prompts rate cut doubts

Anndy Lian: Bitcoin drops as U.S. CPI prompts rate cut doubts
Bitcoin drops as U.S. inflation rises

Anndy Lian reports that Bitcoin fell 1.02 percent to $80,700.70 following hotter-than-expected U.S. CPI inflation at 3.8 percent, which dampened hopes for imminent rate cuts.

He notes that Bitcoin now exhibits a 76 percent correlation with the S&P 500, underlining the cryptocurrency's sensitivity to traditional macroeconomic factors amid ongoing liquidity concerns and hawkish signals from the Federal Reserve.

Lian has previously reported more than $326 million in leveraged crypto positions liquidated in a single 24-hour period, with most of the losses from long positions. He has also signaled the increasing momentum for meme coins, suggesting higher activity in the sector. These developments reflect ongoing volatility in digital asset markets.

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