Opinion: The recent decline in Bitcoin is mainly attributed to the macro outlook of interest rates and the rise in treasury bond yields.
2024/04/03 06:23
By:
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.
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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.
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