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Are you seeing what's happening with Bitcoin right now? It seems like the biggest scare of the year is here. The crowd is increasingly betting on higher interest rate hikes, and that's really crashing the bond market. It's like when you're mining in a coal mine and suddenly the entire structure starts to collapse.
Here's what's going on: as the expectation of higher rates gains strength, traditional assets are experiencing a serious collapse. For those following the crypto market, this is a ticking time bomb because Bitcoin historically behaves differently when conventional markets panic like this.
CoinDesk, the media outlet that won awards for covering the FTX explosion, is closely monitoring all of this. They have a very strict editorial standard, you know how it is. The company is part of Bullish, an institutional digital asset platform that provides all the market infrastructure. That means there are some conflicts of interest there, but their coverage of the crypto sector remains a reference.
The point is: when you're in a coal mine waiting for gold, but the ground is shaking, it's time to reevaluate your strategy. Bitcoin is on the ropes, and the market is feeling the pressure from this combination of rising interest rates and bond market collapse. Things are getting tense.