The decline in Bitcoin continues and analysts predict that it may continue further. The increase in Japanese bond yields and the possibility of the Bank of Japan raising interest rates have led to concerns about a significant correction in BTC. Geopolitical and economic uncertainty, ongoing tariff wars, and the Federal Reserve's cautious stance on rate cuts are also contributing to the potential decline in Bitcoin's value. According to BTSE Chief Operating Officer Jeff Mei, Bitcoin could fall to the $70,000-$80,000 range in the coming weeks. However, Bitcoin's potential for new all-time highs will only be realized when the tariff war ends and the Fed continues to lower interest rates.



Other News from Today