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⇨
🚨 Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets 💸
$BTC soared to just under $110,000 before quickly pulling back, as rising interest rates rattled risk assets across global markets. Here’s what happened:
🚀 New Record: $BTC hit a fresh all-time high just below $110K on Wednesday.
📉 Quick Reversal: Profit-taking kicked in, leading to a sharp price drop.
💵 Bond Market Shock: A weak U.S. Treasury auction pushed yields higher.
⚠️ Risk-Off Sentiment: Rising interest rates triggered a broader sell-off across both crypto and traditional markets.
📊 Macro Matters: Market reactions highlight how sensitive crypto remains to global economic shifts.