Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets 💸

$BTC soared to just under $110,000 before quickly pulling back, as rising interest rates rattled risk assets across global markets. Here’s what happened:

🚀 New Record: $BTC hit a fresh all-time high just below $110K on Wednesday.

📉 Quick Reversal: Profit-taking kicked in, leading to a sharp price drop.

💵 Bond Market Shock: A weak U.S. Treasury auction pushed yields higher.

⚠️ Risk-Off Sentiment: Rising interest rates triggered a broader sell-off across both crypto and traditional markets.

📊 Macro Matters: Market reactions highlight how sensitive crypto remains to global economic shifts.

Stay informed. Stay strategic.

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