The cryptocurrency market is turning quite red today. Bitcoin is fluctuating around $81K, and you basically see the same stories everywhere - traders wondering what's going on. Many analysts point to the U.S. inflation figures released last week. Those numbers have put quite a bit of pressure on the market, not just on crypto but also on traditional markets.

The funny thing is that we've seen this pattern before. When the inflation figures in America underperform or come in better than expected, the entire market reacts. Crypto usually follows the same movement as traditional stock markets on this kind of macroeconomic data. So if you're wondering why everything is going down - first look at what's happening in Washington.

Shareholders of large crypto companies feel this too. Companies like Bullish, which focus on institutional services, see their value fluctuate based on these broader market sentiments. It highlights how interconnected crypto and macroeconomics are nowadays.