The $120 million Coldcard hack lights up Bitcoin's memory pool
Extrait:Bitcoin remains range-bound near $62,000–$65,000 despite rising network activity, with analysts citing the Clarity Act as the immediate policy catalyst. Senate timing is tight before the August 10 recess, and year-end passage odds have fallen to 23% from roughly 75% in mid-May, with added risk from potential prediction-market restrictions. On the macro side, Bitfinex warns that the bullish case could collapse if the U.S. 10-year Treasury real yield surpasses 2.5%, a level never sustained before Bitcoin existed. The current real yield stands at 2.41%, just nine basis points below that threshold, making it a key level to monitor.
Increasing network activity is often said to support valuations for the networks native coin, bitcoin . So far, the token has neither rallied nor dropped significantly and remains boxed in the recent range of $62,000–$65,000.
Analysts continue to point to the fate of the Clarity Act as the immediate catalyst while citing longer-duration government bond yields as a more macro and longer-lasting one.
“CLARITY is still the immediate policy binary. The Senate has a three-day window before its August 10 recess, while the implied probability of passage by year end has fallen to 23% from around 75% in mid-May. A push to attach prediction-market restrictions adds another process risk,” analysts at Marex said.
Meanwhile, Bitfinex said the bullish macro case for bitcoin could collapse if the real or inflation-adjusted yield on the U.S. 10-year Treasury note tops 2.5%.
“The 10-year real yield has not stayed above 2.5% since before Bitcoin existed, so there is no price history above that line. It is now at 2.41%, nine basis points below,” the exchange said.
Stay alert!
Avertissement
Les opinions exprimées dans cet article représentent le point de vue personnel de l'auteur et ne constituent pas des conseils d'investissement de la plateforme. La plateforme ne garantit pas l'exactitude, l'exhaustivité ou l'actualité des informations contenues dans cet article et n'est pas responsable de toute perte résultant de l'utilisation ou de la confiance dans les informations contenues dans cet article.
