CoinDesk·4 min read·medium
Bulls face a test unlike anything in bitcoin's 17-year history
O
Omkar Godbole
✦AI Summary
Bitcoin is facing a unique macroeconomic challenge as 30-year Treasury Inflation-Protected Securities (TIPS) reach 17-year yield highs, increasing the opportunity cost for holding non-yielding assets. Simultaneously, the crypto derivatives market is undergoing consolidation, highlighted by the closure of the pioneering exchange BitMEX as it struggles to compete with larger, more regulated platforms.
The bitcoin BTC $ 65,529.08 market is facing a macro environment unlike any it has encountered in its 17-year existence.
cryptobusinesseconomy
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