Bitcoin Correction Likely as Institutional Demand Weakens Amid Macro Pressure
The United States and the global economy face an increasingly fragile macroeconomic backdrop. U.S. inflation rose to 3.8% year-over-year in April’s consumer price index (CPI) data, real wages have turned negative, and long-term Treasury yields have climbed to multi-year highs. In this challenging environment, bitcoin (BTC) retraced earlier gains from its month-start rally. The correction … Read more