Bitcoin (BTC) pulled back from recent highs on Monday as investors locked in profits amid a broader shift away from risk assets. The retreat followed Moody’s decision to downgrade the U.S. credit rating, which triggered a surge in Treasury yields as capital flowed into government bonds.
The rating cut reinforced safe-haven demand, with 10-year Treasury yields jumping to multi-month highs. This risk-off sentiment weighed on cryptocurrencies, though Bitcoin’s decline remained orderly—suggesting the move reflects temporary profit-taking rather than a structural shift.
Analysts note BTC’s resilience near the $50,000 level will be key. While macroeconomic uncertainty persists, the cryptocurrency’s longer-term uptrend remains intact, supported by institutional adoption trends and the upcoming halving event. Traders now await Fed policy signals for directional cues.
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