Bitcoin Price Prediction: Why BTC May Crash To $54,000

Bitcoin (BTC) price prediction showed a continued correction following the release of US Consumer Price Index (CPI) data on Wednesday. A 4% retreat put the largest cryptocurrency at $58,730 ahead of the American session. Altcoin majors Ethereum (ETH), Solana (SOL), and Ripple (XRP) dropped 4%, 3.1%, and 1.6%, respectively, underscoring headwinds in the market.