Bitcoin continues to trade with volatility near recent levels as investors take a cautious approach amid renewed geopolitical uncertainty. Fresh tensions in the Middle East may weaken broader market sentiment and reduce demand for risk assets. Inflationary concerns could further pressure markets, especially as higher bond yields create an unfavourable environment for non-yielding assets like Bitcoin. The Federal Reserve is expected to keep interest rates unchanged, while other central banks are likely to raise rates this year. Bitcoin also faces pressure if investment flows weaken, with spot Bitcoin ETFs recording six straight sessions of outflows totaling USD 1.5 billion, including about USD 105 million withdrawn on Friday. Persistent negative flows increase downside risk.
"Bitcoin continued to swing near the levels seen during the last few days as investors adopt a more cautious stance amid renewed geopolitical uncertainty."
"Fresh tensions in the Middle East could negatively affect broader market sentiment and reduce appetite for risk assets."
"A strengthening of inflationary concerns could weigh on the market at a time when central banks are already maintaining a cautious tone, as higher bond yields create an unfavourable backdrop for non-yielding assets such as Bitcoin."
"Spot Bitcoin ETFs registered six consecutive sessions of outflows, totalling USD 1.5 billion, with approximately USD 105 million withdrawn on Friday. Although the magnitude on Friday was smaller than in previous sessions, the persistence of negative flows could add to the downside risks."
Read at London Business News | Londonlovesbusiness.com
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