BTC surpasses $81,000 despite the higher interest-rate environment
Bitcoin rebounded above $81,000 in a move accompanied by liquidations of leveraged short positions and renewed activity in the spot market. Although rate hikes typically weigh on risk assets, the price also responded to crypto-specific market factors, such as the forced covering of short positions and capital inflows. The sustainability of the move will depend on spot demand, flows into regulated products, and the evolution of leverage in derivatives. This content is for informational purposes and does not constitute financial advice#BTCBreaks80K
Bitcoin rebounded above $81,000 in a move accompanied by liquidations of leveraged short positions and renewed activity in the spot market. Although rate hikes typically weigh on risk assets, the price also responded to crypto-specific market factors, such as the forced covering of short positions and capital inflows. The sustainability of the move will depend on spot demand, flows into regulated products, and the evolution of leverage in derivatives. This content is for informational purposes and does not constitute financial advice#BTCBreaks80K