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Back Fundamental analysis
Bitcoin dropping like rock
Bitcoin plunged to a two?week low
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Bitcoin plunged to a two?week low as global risk appetite deteriorated. The S&P 500 pulled back from record highs, and bond yields around the world are rising rapidly, leaving a non-yielding asset like crypto exposed. Market consensus is strengthening that the main driver of the BTC/USD drop is the change in the macroeconomic backdrop. For a long time, investors in US stocks were less concerned about the state of the US economy, buoyed by blockbuster corporate profits. That could not last
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Igor Kovalyov
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