Bitcoin drops over 5% to $96,200 after strong U.S. economic data signals fewer Fed rate cuts in 2025

In the past 24 hours, Bitcoin's market capitalization, the largest cryptocurrency globally, dropped to $1.907 trillion. Bitcoin's dominance stands at 56.8%, as per CoinMarketCap. Meanwhile, BTC trading volume increased by 22.6% to $61.6 billion during this period.