I've been paying attention to Bitcoin's recent movements, and it seems that concerns about a recession in the United States are increasing, with the market becoming aware of the possibility of interest rate hikes. The bond market is quite volatile right now, and it feels like the Bitcoin fear index has been released all at once.

When talk of interest rate hikes arises, there is a tendency for risk assets to be sold off overall, and it looks like we're entering that pattern again. Amid growing uncertainty about the outlook for the U.S. economy and heightened fears of a recession, investors are likely pulling funds out of cryptocurrencies, including Bitcoin.

Seeing the turmoil in the bond market and the decline in Bitcoin prices linked together shows how macroeconomic changes are significantly impacting the crypto market. It seems that the situation where we can't take our eyes off the trends in the U.S. economy will continue.