US Markets Tumble Amid Inflation Fears; Bitcoin Slips

US equity markets experienced a downturn on Tuesday, with the NASDAQ, S&P 500, and Dow Jones Industrial Average all closing lower. Meanwhile, Bitcoin (BTC) prices fell by 1.70% on the CME, with the cryptocurrency trading at $97,034.00.

The decline in US markets comes amid ongoing concerns about inflation and the potential for tighter monetary policy from the Federal Reserve. Investors are also keeping a close eye on geopolitical developments, including tensions between the US and China, as well as the ongoing conflict in Ukraine.

In the cryptocurrency market, Bitcoin's price decline can be attributed to a combination of factors, including regulatory uncertainty, increased competition from other cryptocurrencies, and a general risk-off sentiment among investors. Despite the recent pullback, Bitcoin remains up significantly year-to-date, reflecting its continued appeal as a store of value and a hedge against inflation.

Looking ahead, investors will be closely watching the Federal Reserve's policy meeting later this week, as well as any developments in the geopolitical landscape. In the cryptocurrency market, traders will be keeping an eye on regulatory developments and any news related to Bitcoin's competitors.