Check out the possible catalysts for today's move, and you don't need to look beyond recent price movements. Bitcoin has been rising almost continuously since falling to just under $60,000 11 days ago, and a modest reversal was certainly possible at some point. Interest rates also rose sharply across the Western world on Monday, with the U.S. 10-year Treasury yield and the German 10-year bond yield both rising 10 basis points. All else being equal, rising interest rates often put pressure on the price of risk assets, among them Bitcoin.
