Bitcoin Surrenders Gains as Markets Brace for Multiple Rate Hikes
Live updates: Bitcoin gives up early gains as markets price in multiple rate hikes
Bitcoin surrendered its early gains as broader markets adjusted to expectations of multiple interest-rate increases. The move highlights the continued sensitivity of digital assets to changes in monetary-policy expectations.
Higher interest rates can weigh on risk assets by increasing the appeal of cash and other yield-bearing investments. As markets reassess the path of monetary policy, Bitcoin and other cryptocurrencies remain closely tied to shifts in wider financial conditions.
