Coinspeaker
Bitcoin (BTC) Remains Resilient despite Macro Risks, Analyst Warns
Bitcoin (BTC) has been showing strong performance, with its price levels staying just below record highs. This trend indicates a normal pause in a bull market. However, a well-known market analyst warns that recent macroeconomic factors could threaten Bitcoin’s growth.
“Bitcoin is still strong, but macro factors are threatening […] Bond yields are very unstable as the demand is weak compared to US Treasuries issuance. If there is a negative impact on bitcoin, it will likely be due to yields and the dollar index,” crypto analyst Chang told CoinDesk in an interview.
Treasury yield volatility is a key factor, driven by US debt concerns, increased bond supply, and a rise in Japanese government bond yields. In the past two weeks, the yield on the 10-year Treasury has jumped 24 basis points to 4.55%, according to TradingView data. Traditional market analysts warn that y
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