June 20, 2024

Bitcoin (BTC) Is Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says

“Bitcoin is still strong, but macro factors are threatening,” crypto options trader and market analyst Chang told CoinDesk in an interview. “Bond yields are very unstable as the demand is weak compared to U.S. Treasuries issuance. If there is a negative impact on bitcoin, it will likely be due to yields and the dollar index.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *