Bitcoin's price fell to $108,186.53 as core inflation data and tariff changes impacted the market. The U.S. Bureau of Economic Analysis reported a core inflation rate of 2.9% for July, marking the highest level since February 2025. Concurrently, the expiration of the 'de minimis' tariff exemption, accelerated by an executive order from President Donald Trump, could raise costs for American families, particularly affecting low-income households.
Bitcoin experienced a 3.79% decline over the past day and a 7.38% drop over the week, with trading volume rising by 15.84% to $72.77 billion. Despite the price decrease, Bitcoin's market dominance increased slightly to 58.30%.
Bitcoin Drops to $108K Amid Inflation and Tariff Changes
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