The expectation of a Federal Reserve interest rate cut has decreased, and Bitcoin continues to adjust to a two-and-a-half-week low

ChainCatcher news, according to Jinshi, Bitcoin has slightly rebounded, but overall it remains at a low level, having dropped to a two-and-a-half-week low the previous night. LMAX Group strategist Joel Kruger stated in the report that since hitting an all-time high last week, Bitcoin has been in an "adjustment mode," mainly influenced by U.S. wholesale inflation data coming in higher than expected, which has weakened market expectations for a Federal Reserve rate cut. Additionally, some of the sell-off may be related to profit-taking by short-term accounts and is also connected to recent statements from the U.S. Treasury Secretary.