Bitcoin Falls as U.S. Rate-Rise Expectations Weigh — Market Talk

Bitcoin edges lower as the ongoing Middle East conflict and expectations for further interest-rate rises by the Federal Reserve dampen risk sentiment. Bitcoin is under pressure from the macro environment rather than a collapse in institutional demand, Zaye Capital Markets analyst Naeem Aslam says in a note. "Rising Treasury yields, stronger U.S. economic activity and higher oil prices have increased expectations that monetary policy could remain restrictive, making high-duration and risk-sensitive assets less attractive." Bitcoin falls 0.5% to $83,959, having pulled back from its highest level since late January reached Monday at $87,315, LSEG data show. ([email protected])