Bitcoin drops over 3.5 percent

The cryptocurrency market experienced a widespread decline, with the exception of Ethereum, which remained stable at $2,004. Bitcoin dropped by 3.51% to approximately $71,000 amid increased profit-taking and selling pressures. Meanwhile, alternative coins declined between 1.26% and 2.59%. This downturn is attributed to hesitant capital flows and markets waiting for important economic data related to inflation and monetary policy.

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