Bitcoin's recent rally has cooled, with prices falling below $117,000 after reaching a high of $122,000. Analysts attribute the decline to profit-taking by investors ahead of the release of key US Consumer Price Index (CPI) data for June. Concerns are mounting that higher-than-expected inflation figures could delay potential interest rate cuts, impacting cryptocurrency markets. Bitfinex and Nansen analysts have highlighted the possibility of prolonged market corrections if inflation data exceeds expectations.