WS #15749
Bitcoin is struggling to break above $84,000 resistance as macro uncertainty weighs on risk assets. Strategy's Bitcoin purchases slowed to just 250 coins in the latest acquisition, marking the lowest buying activity of the year and signaling a lack of conviction from the largest corporate holder. Meanwhile, Ethereum's buying momentum has stalled, with price action failing to sustain levels above $2,700. The crypto market is currently trapped between its role as a hedge against fiat debasement (supported by UK gilt yields) and its correlation with tech equities (pressured by the chip selloff).
Bitcoin Range-Bound Amid Macro Uncertainty
Bitcoin is struggling to break above $84,000 resistance as macro uncertainty weighs on risk assets. Strategy's Bitcoin purchases slowed to just 250 coins in the latest acquisition, marking the lowest buying activity of the year and signaling a lack of conviction from the largest corporate holder. Meanwhile, Ethereum's buying momentum has stalled, with price action failing to sustain levels above $2,700. The crypto market is currently trapped between its role as a hedge against fiat debasement (supported by UK gilt yields) and its correlation with tech equities (pressured by the chip selloff).