On #Bitcoin , it rose yesterday to US$60,000 after US Federal Reserve chair Kevin Warsh expressed concern about persistent inflation. However, the recovery was not entirely convincing, as US bond yields increased, the dollar strengthened, and capital outflows from spot BTC ETFs listed in the US continued.
Recent events suggest that BTC remains trapped between two opposing forces. On the one hand, risk appetite is improving due to growth expectations for technology stocks. On the other hand, the high-interest-rate environment continues to reduce the appeal of assets that do not generate returns, such as cryptocurrencies.
Recent events suggest that BTC remains trapped between two opposing forces. On the one hand, risk appetite is improving due to growth expectations for technology stocks. On the other hand, the high-interest-rate environment continues to reduce the appeal of assets that do not generate returns, such as cryptocurrencies.