Odds of Bitcoin price drop to $65K rise as private credit woes, US war rattle markets
A new war, private credit market weakness and spiking commodities prices add tail risk to Bitcoin’s price. Is $65,000 BTC’s next stop?
Key takeaways:
Bitcoin faced pressure as rising oil prices and weak US data sparked risk-off sentiment and drove investors to gold.
A redemption spike in private credit funds from BlackRock and Blackstone signaled growing anxiety among retail investors.