Bitcoin May Reach Bear Market Bottom in August, Says 10x Research

According to research from 10x Research, Bitcoin may be approaching the bottom of its bear market within August. The analysis suggests that the cryptocurrency could see a stabilization or potential reversal of its downward trend during this period. However, the report also notes that increasing yields on U.S. Treasury bonds could prompt the Federal Reserve to consider raising interest rates in September, which might impact Bitcoin's price trajectory. The interplay between bond yields and monetary policy decisions remains a key factor for market participants to monitor. While the research indicates a possible bottoming in August, the overall market environment continues to be influenced by macroeconomic developments and Federal Reserve policies.