The cryptocurrency market has experienced a remarkable upward movement, with Bitcoin surpassing $81.000 after a rally driven by macroeconomic factors. This surge coincides with an increase in US Treasury yields and growing tension in the global oil supply, redefining the short-term financial landscape.
Bitcoin's momentum and the massive market sell-off
The start of trading on major financial exchanges brought strong positive volatility to the leading cryptocurrency in the ecosystem. Market data reflects that the price reacted strongly, registering a substantial increase to break through the $81.000 resistance level.
This technical rally was accompanied by a cascade of liquidations in leveraged short positions, which accelerated buying pressure in the main order books.
As the correlation between risk assets and macroeconomic indicators evolves, investors are closely monitoring the sustainability of this movement around new all-time highs.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
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