Bitcoin, which rose up to $76,000 in March, turned downward amid global macroeconomic uncertainties and fluctuations in energy markets. The cryptocurrency, which stabilized around $66,000 in recent trading, has sent signals of fragility among investors.

Bond yields increase pressure
The rise in the US 10-year Treasury yields stands out as a significant factor accelerating outflows from risk assets. Analysts warn that if yields continue their upward movement, Bitcoin prices could be pushed to lower levels.
The $296 million outflow from spot Bitcoin ETFs in the US indicates a decreased risk appetite among institutional investors. The reduction in trading days in March and the continued selling trend strengthen expectations that the month could close negatively.

Uncertainty caused by developments in the US, Iran, and the Gulf region leads to a cautious outlook on Bitcoin prices. Analysts note that risks related to energy supply and global liquidity conditions will continue to be decisive in short-term price movements.

While there are assessments that Bitcoin could serve as an alternative asset during crises, current price movements reveal that the asset remains sensitive to macroeconomic conditions.

BTC0,47%

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