🪙 Bitcoin Pressured by Geopolitical Risks and Macro Sentiment
Bitcoin (BTC) weakened again in today's trading session after a brief rebound earlier. The largest cryptocurrency faced selling pressure ahead of key U.S. economic data releases and rising geopolitical uncertainty, making market participants more cautious toward riskier assets like crypto. Investors appear to be reducing speculative positions due to concerns that strong U.S. economic data could delay expectations of low interest rates, thereby reducing appetite for risk assets.
Additionally, MSCI's decision not to exclude companies holding crypto in its index provided a slight positive sentiment, but not enough to significantly lift the market. BTC's price movements, along with its correlation to equities, indicate that crypto remains highly sensitive to macro sentiment and global policy developments.
