Bitcoin (BTC) has recently moved below the 90,000 USD mark, raising concerns about increased volatility in the near future. Analysts suggest macroeconomic pressures could push BTC to lower levels not seen in months.
The 10-year U.S. Treasury yields have jumped to 4.79%, influencing traditional markets and risk assets. Higher yields incentivize institutional investors to move away from cryptocurrencies towards safer, yield-generating alternatives.
Negative trends in Bitcoin ETFs indicate declining investor interest as yields rise. BTC demonstrates a quicker price response compared to traditional equities, leading to potential increased volatility in the upcoming weeks.