WS #14859
Bitcoin has reclaimed the $85,000 level, erasing summer losses and showing resilience despite a strengthening US dollar and rising Treasury yields. This divergence suggests that crypto markets are currently driven by institutional inflows and geopolitical hedging demand rather than traditional liquidity metrics, creating a complex macro environment where risk assets and safe havens are moving in tandem.
Bitcoin Recovery and Dollar Strength
Bitcoin has reclaimed the $85,000 level, erasing summer losses and showing resilience despite a strengthening US dollar and rising Treasury yields. This divergence suggests that crypto markets are currently driven by institutional inflows and geopolitical hedging demand rather than traditional liquidity metrics, creating a complex macro environment where risk assets and safe havens are moving in tandem.