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
Rare alliance of arch-rivals! Musk and Altman support Dario Amodei's call to "slow down AI globally"
Anthropic's Amodei issued a call to "slow down AI globally," and to everyone's surprise, rivals Musk and Altman both publicly endorsed the initiative. The three industry giants unanimously agreed to grant third-party access to "employee-level" evaluation rights and to implement coordinated deceleration measures. Altman went further, announcing that OpenAI will not IPO this year. The resignation of a researcher and a collective breakout of uncontrollable AI systems have ignited long-standing industry fears.
Bitcoin vs Ethereum ETFs: Which asset is winning September’s flow battle?
Solana targets $147 as it breaks key resistance and eyes further gains
Ethereum holds key support, targets $3,000 after $2,550 resistance test
Crypto prices
More
