Bitcoin faces its biggest risk yet! U.S. Treasury sell-off sparks ‘Capital War’
Bitcoin faces significant headwinds as a large-scale sell-off of U.S. Treasuries by foreign investors, including Europe, China, and India, triggers a "Capital War." This is driving U.S. Treasury yields higher, increasing the government's debt refinancing costs. While a risk-on move briefly boosted Bitcoin, the Coinbase Premium Index remains negative, indicating persistent caution among U.S. investors. Capital is rotating into safe-haven assets like gold, which is hitting record highs, pushing the BTC/Gold ratio to a multi-year low. This macro stress is limiting Bitcoin's breakout potential, with its trajectory heavily dependent on the movement of Treasury yields and broader investor confidence.
ambcrypto01/22 21:03
