Bitcoin’s $3K Drop Comes as Fed Rate Hike Bets Surge, but Analyst Remains Bullish

Bitcoin slid roughly $3,000 as markets ramped up expectations for more aggressive Fed rate hikes. The shift in rate-hike bets boosted Treasury yields and the dollar, triggering risk-off flows that pressured BTC and other risk assets. Despite the drop, an analyst remained bullish, framing the move as a macro-driven, short-term correction rather than a reversal of Bitcoin’s longer-term trajectory. Key implication: monetary policy expectations now amplify near-term volatility, making macro developments the primary driver of price action even as longer-term fundamentals are viewed as intact.