World · Market · United States ·
Bitcoin consolidates near $78,000 as Treasury yields rise and Fed signals persist
Bitcoin drifted lower after last week's rally to $81,428, consolidating near $78,000 as US Treasury yields approached 20-year highs and markets priced in a possible September Federal Reserve rate hike. ETFs saw $217 million in inflows after recent outflows.
Why it matters for the crypto market
Bitcoin's moves track US monetary policy expectations; rising yields and rate-hike bets compete with crypto as alternative stores of value and affect institutional inflow sentiment.
Source: CoinDesk
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