Bitcoin recovers to $94,000...Long-term bullishness

Bitcoin fell below $90,000 due to a sharp rise in U.S. Treasury interest rates and outflows from physical exchange-traded index funds (ETFs), but rebounded.
At 10:35 a.m. on the 14th, the overseas Bitcoin price based on CoinMarketCap was 0.4% higher than the same time the previous day.
It recorded a 4% drop to $94,744 (about 14.94 million yen). At around 11:35 pm the previous day, Bitcoin fell to the $89,900 line, but then began to rebound and is currently at $9
Bitcoin has fallen by about 7% from a week ago and continues to trend downwards. There are various factors at play, including a sharp rise in U.S. Treasury yields and outflows from Bitcoin spot ETFs.
The US December Producer Price Index (PPI) is scheduled to be released on the 14th, and the Consumer Price Index (CPI) is scheduled to be released on the 15th. Meanwhile, government bond yields are rising again.
On the 13th (local time), the benchmark 10-year Treasury yield rose 0.029 percentage points from the previous day to exceed 4.8%, the highest level since November 1, 2023.
In addition, large-scale outflows of funds continue from the US Bitcoin spot ETF. On the 8th (local time), a net outflow of $569 million occurred, followed by
The next trading day, the 10th, saw a net outflow of $150 million. Cryptocurrency exchange Bitfinex said, "US Treasury yields surge, Bitcoin spot E
"The outflow of funds from TF has caused the price of Bitcoin to fall by more than 15% from its high," he said. "Bitcoin may show greater volatility in the short term, but Donald Trump's
"If the Trump administration comes in and optimism about cryptocurrency regulation spreads, the decline may be limited," he said, predicting that "in the long term, it will likely show bullishness."