Market fatigue isn't the only reason for Bitcoin's [BTC] lack of action since hitting its all-time high. It's a macro-driven cut instead.

A 90-day respite followed the initial discussion of "reciprocal" tariffs, which have since intensified into a full-fledged legal battle.

Risk markets are being impacted by this uncertainty. A strong risk-off signal was sent by the U.S. 10-year Treasury yield, which fell 4.75% on the week as capital shifted into Treasuries.

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