Four macro threats weigh on bitcoin, risking a drop below $76,000
- —10-year US Treasury yields hit 5.02%, the highest since 2007
- —Brent trades near $107.37 after attacks on Saudi infrastructure
- —The market prices in about a 90% chance of a Fed rate hike to 3.75–4%
- —97% of economists expect the Bank of Japan to raise rates to 1.25% on September 18
Why it matters: Simultaneous tightening by the Fed and the Bank of Japan threatens to unwind carry trades and drain liquidity from risk assets, including crypto.
Source: Invezz