The cryptocurrency market is experiencing a downturn, with Bitcoin's price plummeting to around $65,000 due to recent inflation data.
This unexpected move has left investors reeling, as they had been hoping for a rate cut to boost the economy. However, the latest figures suggest that interest rates may remain high for longer than expected.
As a result, investors are turning to alternative assets like gold, which has proven more resilient in times of volatility. The US crypto framework is also being closely watched, as its passage could lead to a significant surge in prices if passed.