Bitcoin adjustment continues as US inflation data and Treasury Secretary's statements put pressure.

[Golden Finance] Bitcoin has slightly rebounded, but overall it remains at a low level, having fallen to a two-and-a-half-week low the previous night. A strategist from a trading platform stated in a report that Bitcoin has been in "adjustment mode" since reaching an all-time high last week. He pointed out that this is mainly influenced by U.S. wholesale inflation data being higher than expected, which has weakened the market's expectations for a Fed interest rate cut. The strategist also mentioned that part of the selling may be related to profit-taking by short-term accounts, and it may also be connected to the recent remarks by the U.S. Treasury Secretary—that strategic Bitcoin reserves will not be expanded through new purchases.