The Bitcoin "71,000 USD" Puzzle: Is it the Start of a Bull Market or a Trap to Attract Buyers?



Bitcoin now is like a child sitting on a financial seesaw, with one end representing the geopolitical tensions in the Middle East and the other end the US dollar and US Treasury yields.

Recently, geopolitical conflicts have intensified. Normally, people would buy gold as a safe haven. But strangely, Bitcoin initially fell along with the market, then showed resilience.

Why? Because when rising oil prices trigger inflation concerns, the market expects the Federal Reserve might not cut interest rates so quickly. The dollar strengthens, which usually puts pressure on Bitcoin priced in USD. But this time, some funds are viewing it as "digital gold" for hedging, creating a complex game of tug-of-war.
BTC-4,4%
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