Bitcoin, Ethereum aren’t as volatile now, so what’s the panic about
ambcrypto.comThe anticipation of a mooning November has subsided over the past week or so. Consider this – Bitcoin’s price maintained its range-bound momentum and Ethereum seemed to follow the king coin’s move. Bitcoin, at press time, was trading close to $56k while Ethereum slipped under the $4300-mark.
Apart from the waning euphoria, the short-term market pressure could also be rising due to changing macroeconomic conditions. Notably, U.S. bond yields have been rising sharply over the past few weeks. In fact, the yield on the two-year note has risen from 0.24% in September to near 0.60%. Curiously, expectations around a possible interest rate hike have also increased.
Not to forget, digital assets, especially crypto, are generally perceived as riskier
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