Bitcoin slides below $79K on macro fears: Can fixed-income outflows save it?
While macro pain and Iran war uncertainty drag Bitcoin below $79K, fixed-income market outflows could trigger a medium-term Bitcoin rebound.
Bitcoin (BTC) faced a sharp contraction on Friday following a rejection at $82,000 the prior day. Recent price movements closely resembled the US small-capitalization stock index, hinting that macroeconomic factors are the leading drivers behind the nosedive below $79,000.
The anxiety sparked a sell-off in fixed-income markets. Counterintuitively, this may help Bitcoin embark on a sustained bull run over the next few weeks.
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