Bitcoin and several major cryptocurrencies are once again under pressure today.

Bitcoin and several major cryptocurrencies are once again under pressure today. In the past 24 hours, Bitcoin dropped about zero point five five percent, and over the past week it has fallen more than two point six percent. Ethereum, Binance Coin, and Solana also weakened, with average declines ranging between two and four percent.

This pressure comes as global sentiment turns cautious. Stronger-than-expected U.S. economic data raised expectations that interest rates will remain high, prompting investors to pull funds from risk assets, including cryptocurrencies.

However, analysts believe this correction is still healthy after the strong rally in previous weeks. As long as Bitcoin holds above its key support levels, the long-term trend is not completely broken. For now, investors are taking a wait-and-see approach while monitoring the market’s next move