July 23: Bitcoin Faces Macro Pressure as ETFs Keep Buying
Bitcoin remains caught between strong ETF demand and an increasingly difficult macroeconomic environment. Matt explains how rising Treasury yields, the possibility of additional Federal Reserve rate hikes, expensive equity valuations, and a weakening housing market are all competing for investor capital. Despite those headwinds, spot Bitcoin ETFs have attracted more than $1 billion over the past week, helping stabilize prices while traditional finance continues moving deeper into blockchain through tokenized Treasury settlement and ongoing debate over the CLARITY Act.
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