🚨 BITCOIN HAS A BIG MACRO TEST
$BTC
Bitcoin is getting caught between two major forces right now: rising oil prices and growing expectations for higher interest rates.
Brent crude recently pushed close to $110, while the U.S. 10-year Treasury yield is near 5%.
Higher oil can keep inflation elevated, which could make it harder for the Fed to cut rates.
That could put pressure on risk assets like Bitcoin.
The big question now: Can BTC stay strong if rates keep rising? 👀
Not financial advice. DYOR.
$BTC
Bitcoin is getting caught between two major forces right now: rising oil prices and growing expectations for higher interest rates.
Brent crude recently pushed close to $110, while the U.S. 10-year Treasury yield is near 5%.
Higher oil can keep inflation elevated, which could make it harder for the Fed to cut rates.
That could put pressure on risk assets like Bitcoin.
The big question now: Can BTC stay strong if rates keep rising? 👀
Not financial advice. DYOR.