Inflation And Bond Yields Weigh On Crypto
14h05 ▪
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After reaching a historic peak in December, bitcoin is undergoing a brutal correction, losing nearly 10 % of its value in just a few weeks. This drop cannot be solely explained by a simple market cycle, but by a tense economic context. Persistently high American inflation reduces the Federal Reserve’s (Fed) maneuvering room, delaying hopes of lower interest rates. This situation intensifies the pressure on risky assets, including bitcoin, which sees its appeal diminish against a rising dollar and increasing bond yields. The imminent announcement of the Consumer Price…
