Bitcoin Price Falls As Interest Rates Rise


The below is from a recent edition of BM Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

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Rising Yields Impact Bitcoin Price

Our analysis throughout much of 2022 in regards to the bitcoin price action has held steady. Capital markets are in the midst of a deleveraging period due to elevated inflation readings hitting multi-decade highs, in an environment of historically low bond yields.

While on the surface, high yields may seem to be bullish for stocks and bitcoin, the reality is that the credit market is the dominant driver. Higher inflation and increasingly hawkish central bank monetary policy has led to a historic rout in the bond market.

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