Bitcoin plummets 5%...MicroStrategy also plummets 10%

As inflation fears resurfaced in the United States and Bitcoin plunged by more than 5%, MicroStrategy, the company with the largest Bitcoin holdings in the world, also plummeted by nearly 10%.
On the 7th (local time) on the New York Stock Exchange, MicroStrategy's stock price fell 9.94% from the previous trading day to $341.42 (approximately JPY 54,000).
As of this hour, Bitcoin was trading at $96,823, down 4.81% from 24 hours ago.
The reason for the sharp drop in Bitcoin is the re-emergence of inflation concerns in the U.S. On the same day, the Institute for Supply Management (ISM) announced that the December U.S. Service Demand Index (SSR) had risen 1.2%.
The ISM Services Purchasing Managers' Index (PMI) came in at 54.1, beating the 53.4 forecast in a Dow Jones survey.
A reading above 50 indicates an economic boom, while a reading below 50 indicates an economic recession. In particular, the PMI price index rose 6.2 points to 64.4, indicating that further inflation may occur in the future.
This prompted a surge in market interest rates, including government bond yields. The 10-year yield, the benchmark for U.S. Treasury bonds, rose 0.07 percentage points to approach 4.7%.
This is the highest since April last year. This makes interest rate cuts less likely. This has caused not only Bitcoin but also other cryptocurrencies to plummet.
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