Bitcoin Treads Water Amid Interest Rate Hikes and Volatility

Bitcoin closed July with a 7.5% gain despite facing several challenges, including rising interest rate expectations and higher bond yields.

The $38 million Coldcard wallet hack also affected the market, but analysts attribute Bitcoin's resilience to reduced forced selling after leveraged positions were cleared in late June.

Investors now await U.S. jobs data and clearer Federal Reserve signals to gauge if spot Bitcoin ETF inflows will resume.