Live updates: Bitcoin turns lower as rates rise, consumer confidence plunges

Bitcoin turned lower as rising interest rates and a sharp decline in consumer confidence reinforced a risk-off backdrop. The market reaction underscores Bitcoin’s sensitivity to tighter financial conditions and weakening macroeconomic sentiment, despite continued efforts by Strategy’s Michael Saylor to promote Bitcoin exposure. The key implication is that near-term price performance remains vulnerable to rates and broader risk appetite, even as institutional advocacy persists.