#BTCRebound

The current price of Bitcoin is closely linked to inflation expectations – as reflected in indicators such as the 5-year and 10-year Breakeven Inflation Rates (BIRs). When inflation expectations rise, investors flock to Bitcoin as an alternative safe-haven asset.

Since 2020, the price chart of Bitcoin seems to dance to the tune of interest rates and monetary policy direction rather than mining cycles or hashrate.

Bitcoin is no longer 'immune' to macroeconomic fluctuations – it is integrating into the traditional financial system that it once opposed.