[Market Update] Bitcoin Decline Deepens Amid U.S. Inflation Concerns... Surrenders $95,000

The macroeconomic indicators released last night in the United States showed worse-than-expected figures, leading to a continued decline in risky assets, including Bitcoin (BTC).

As of the 8th (local time), Bitcoin is trading at $94,600 on Binance, a global cryptocurrency exchange, down 6.14% from the previous day.

As the Institute for Supply Management (ISM) Services Purchasing Managers' Index (PMI) and the November Job Openings and Labor Turnover Survey (JOLTs) recorded higher figures than the market expected, inflation concerns have resurfaced, causing a sharp decline in the prices of risky assets such as the U.S. stock market and cryptocurrencies.