Bitcoin remains vulnerable to Fed tightening

time:2022-01-19 02:00 source:Internet

Edward Moya, senior market analyst at OANDA, said bitcoin appears poised to continue trading as a risk asset and remains vulnerable to growing concerns about aggressive Fed tightening. U.S. Treasury (bond) yields are likely to continue surging this week, which could test some Bitcoin holders and altcoins. But Moya is optimistic about the Bitcoin price rebound. Moya said the breakout in U.S. Treasury yields is not expected to happen so soon, but when it does, it could be a clear signal for many traders to downsize cryptocurrencies.

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