Early Monday, Bitcoin fell to 89,500 USD before recovering to 92,000 USD. This marked its lowest point since November 18, 2024, as macroeconomic pressures impacted the crypto market. The broader market remained under pressure, reflecting the uncertainty triggered by rising bond yields.
HIGH US Treasury yields and a robust Dollar Index hinder liquidity for assets like Bitcoin. James Toledano, COO of Unity Wallet, noted that the economic climate limits investor appetite for speculative assets, further contributing to market volatility. The decline resulted in 730 million USD in liquidations in the past day.