Opinion: The recent decline in Bitcoin is mainly attributed to the macro outlook of interest rates and the rise in treasury bond yields.
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.
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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Mars Morning News | SEC Expected to Issue "Innovation Exemptions" for the Crypto Industry in "About a Month"
The SEC is expected to issue an innovation exemption for the crypto industry. The UK "Digital Assets and Other Property Act" has come into effect. BlackRock's CEO revealed that sovereign wealth funds are buying bitcoin. Bank of America recommends clients allocate to crypto assets. Bitcoin selling pressure is nearing its end. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
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