Bitcoin (BTC) price falls as traders stop betting on Federal Reserve interest rate cuts.

The yield on the 10-year Treasury note, the so-called risk-free rate, rose 15 basis points to 4.05% since Friday, a sign that traders are reassessing expectations of a dovish Federal Reserve or the possibility that the central bank may delay a rate cut. The benchmark yield fell nearly 80 basis points to 3.86% in the final three months of 2023, providing a tailwind for risk assets, including Bitcoin, on expectations of an aggressive Federal Reserve rate cut and smaller-than-expected bond issuance from the U.S. Treasury. .