Opinion: The recent decline in Bitcoin is mainly attributed to the macro outlook of interest rates and the rise in treasury bond yields.
Semir Gabeljic, Director of Capital Formation at Pythagoras Investments, stated that Bitcoin's fall to $65,000 is mainly attributed to the recent outlook on interest rates and the rise in government bond yields. A higher interest rate environment usually reduces investors' risk appetite.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Don’t Miss the Next 10,000x Crypto Surge: Why DOGEN Is Outshining Dogecoin and SHIB!
Data: Pantera Bitcoin Fund Up Over 1,000 Times So Far
Whales Turn to BlockDAG’s Utility-Driven Project as Dogwifhat & PEPE Prices Plunge
Lido DAO Briefly Jumps 5% Then Crashes During One of the Worst 24 Hours in Crypto
Lido DAO was surging while Bitcoin slumped this morning, now it's falling harder than the market leader.