PrimeXBT Insights: Bitcoin rallied through a rate hike; Can it rally through a bond selloff?
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Bitcoin recently rallied despite a Federal Reserve rate hike, demonstrating resilience to tighter monetary policy and challenging the usual risk-asset narrative. The next test is a sustained bond selloff, which could lift yields and tighten financial conditions, creating headwinds for Bitcoin through reduced liquidity and risk appetite. Bitcoin’s ability to hold gains amid rising yields would strengthen the case that market-specific demand and adoption are increasingly offsetting macro pressure.
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