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Bitcoin faces risk as rate hikes loom
CoinDesk·
Rising oil prices and geopolitical tensions are fueling inflation fears, causing a sell-off in traditional safe-haven assets and shifting market expectations towards a potential U.S. rate hike. This marks a significant reversal from earlier predictions of rate cuts. The bond market is experiencing a global downturn, with U.K. gilt yields reaching levels not seen since 2008. Bitcoin, however, is showing resilience, potentially pricing in a recession while other assets have not, and remains one of the better-performing assets since the recent conflict began.
Tickers
$BTC-USD
Tags
fintech
macro
crypto
Original Source
CoinDesk — coindesk.com