Analysis: New Wave of Macroeconomic Factors Stalls Bitcoin's Upward Momentum
Source：
www.zaobao.com.sg
According to Lianhe Zaobao, U.S. President Trump has rejected Iran’s latest proposal to reopen the Strait of Hormuz. This fresh wave of macroeconomic uncertainty is weighing on risk assets, and after several weeks of rapid gains, Bitcoin is cooling off as its upward momentum stalls. Beyond geopolitical factors, markets are continuing to digest the Federal Reserve's rate hikes and are beginning to prepare for another potential rate increase in October. Since Aug. 19, Bitcoin has rallied 28%, and it is now poised to deliver its best quarterly performance since Q4 2024.
