Bitcoin Price Drops Amid Fed Rate Hike Fears and Rising Inflation

Bitcoin's price has been under pressure since early September due to concerns about potential rate hikes by the Federal Reserve. The market is also grappling with rising inflation and tighter liquidity, which has led to a risk-off sentiment. This environment is challenging for Bitcoin's recovery as analysts warn that another rate hike later this year could further pressure crypto markets.

The Bitcoin Bull Score Index has dropped into bearish territory, indicating a tough outlook for investors. Additionally, the increased supply of Bitcoin from holders suggests that the market bottom may not have been reached yet. This means that investors should be cautious and prepared for potential volatility in the coming months.