Bitcoin is facing difficulties maintaining its position above the $100,000 threshold. This struggle is largely due to the impact of increasing U.S. Treasury yields, which are attracting investors away from riskier assets like cryptocurrencies.
Additionally, the strengthening U.S. dollar is contributing to this challenge, as it weakens the purchasing power of international investors. This scenario is dampening the bullish momentum that Bitcoin had initially experienced, putting pressure on the world’s leading cryptocurrency amid evolving market sentiments.
