Bulls want the bitcoin (BTC) price above $80,000. Macro says not so fast: Crypto Daily
CoinDesk
Rising inflation expectations and a hawkish Federal Reserve outlook are stalling Bitcoin’s rally, hindering an immediate push above $80,000.Summary
Bitcoin has retreated from recent highs near $79,000 as macroeconomic headwinds dampen market optimism. New data from the University of Michigan indicates a record low in consumer sentiment and a sharp increase in long-term inflation expectations, which complicates the Federal Reserve’s ability to pivot toward interest-rate cuts. Analysts warn that this hawkish economic climate, combined with potential global rate hikes, could limit further gains for risk assets like Bitcoin. While Bitcoin continues to find support from ETF inflows, technical charts suggest potential exhaustion and the risk of a deeper pullback until market conditions improve.
(Source：CoinDesk)