Bitcoin Price Volatility Intensifies Amid Interest Rate Hike Forecasts

Bitcoin's price has been affected by recent economic indicators, particularly strong employment data that prompted UBS Group to raise its interest rate hike forecast to two increases. This macroeconomic tightening environment may persist until year-end, increasing the opportunity cost of holding Bitcoin.

The daily transaction volume for Bitcoin approached 900,000 on September 7, marking the fourth-highest level in history. Active addresses exceeded 99% and small-value transfers dominated, with a complex fee structure.

Whale unrealized profits hit a record $9 billion, but despite prices pulling back below $79,000, market structure remains resilient due to long-term support.