Bitcoin might be nearing the low point of its current bear market this August, according to 10x Research. However, the path ahead remains uncertain as rising Treasury yields could prompt the Federal Reserve to hike interest rates in September. This move would add pressure on risky assets like Bitcoin.
The interplay between macroeconomic factors and crypto markets is becoming increasingly evident. As yields climb, borrowing costs rise, potentially dampening investor appetite for cryptocurrencies. Traders keeping an eye on these signals should prepare for volatility ahead.
