Update: Fed Minutes Weigh on $BTC as 30Y Yield Tops 5.7%
Bitcoin is around $82,513 on Binance, down 1.5% in 24h, after trading in an $82,228 to $83,767 range. The pressure is macro: Fed minutes showed most officials expect another rate hike by year-end, and the 30-year Treasury yield hit 5.71%, its highest since 2002. Yet the Fear & Greed Index still reads 64 "Greed" (down from 71).
Is the crowd too complacent here?
#Bitcoin #Fed #Macro
Bitcoin is around $82,513 on Binance, down 1.5% in 24h, after trading in an $82,228 to $83,767 range. The pressure is macro: Fed minutes showed most officials expect another rate hike by year-end, and the 30-year Treasury yield hit 5.71%, its highest since 2002. Yet the Fear & Greed Index still reads 64 "Greed" (down from 71).
Is the crowd too complacent here?
#Bitcoin #Fed #Macro