UK Inflation Drops Below 10% Amidst Market Speculation and Cryptocurrency Fluctuations

Bitcoin and other major cryptocurrencies experienced a market-wide decline as the UK's core Consumer Prices Index (CPI) rate came in at 6.8%, the highest since 1992, against an expected figure of 6.2%. This is likely to add pressure on the Bank of England to keep raising interest rates in the coming months. Bitcoin lost 2% to trade under the psychological resistance level of $27,000, reversing all gains from earlier this week. Ether traded at just over $1,800, while solana and BNB tokens showed nominal losses.