Bitcoin (BTC) has fallen below $107,000, with analysts pointing out that this is a short-term technical adjustment.

On the 12th (local time), the crypto asset professional media "Cointelegraph" reported: "Before the Consumer Price Index (CPI) is released on the 13th, the market may have experienced selling pressure." It also analyzed: "Nevertheless, the speed of acceptance of BTC in the traditional financial sector is accelerating, and factors such as the expected improvement in the regulatory environment for crypto assets remain strong in terms of market structure and fundamentals."

As of 3:57 AM on the 13th, BTC was quoted at $101,722.70 in the Binance USDT market, down 2.80% from the previous day.