Key takeaways: Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin. Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term. Bitcoin (BTC) has repeatedly failed to hold above the $92,000 level over the past month, prompting market participants to develop multiple explanations for the price weakness. While some traders point to outright market manipulation, others attribute the decline to rising…
Bitcoin Failure At $90K Driven By Reduced Fed Rate Cut Odds
