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Bitcoin experienced a price pull back as investors recalibrated their expectations regarding the Federal Reserve's monetary policy path. Higher US economic data and persistent inflation concerns led market participants to price in a more hawkish stance from the central bank, pushing treasury yields higher and weighing on non-yielding risk assets such as cryptocurrencies. Despite the immediate downward pressure, the digital currency remains on course to achieve a three-week winning streak, reflecting broader underlying resilience across the crypto market. Traders have been balancing macro headwinds against improving sentiment and steady institutional interest that supported recent price rallies. Looking ahead, market participants will closely monitor upcoming macroeconomic indicators, including inflation figures and labor market reports, to gauge the Fed's next steps. Volatility is expected to persist as digital assets remain highly sensitive to shifting interest rate expectations and broader macroeconomic liquidity conditions.
