Bitcoin faces short-term pressure due to a stronger U.S. dollar and inflation concerns. Despite the dip, Bitcoin's long-term bullish trend remains intact. The $100,000 support level is critical for Bitcoin's recovery.
Bitcoin price faces short-term pressure amid broader market sell-off
What happened: Cryptocurrency markets saw a downturn on Sunday evening, with Bitcoin price falling sharply. This decline comes as a response to broader macroeconomic concerns, including strong U.S. economic data hinting at upcoming interest rate hikes.
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