Bitcoin Price Pressure Mounts as Mutuum Finance Expands in DeFi

Bitcoin's price has been under pressure in recent days, slipping below the key $70,000 support level as macroeconomic conditions weigh heavily on market sentiment. The latest U.S. core CPI data came in line with expectations, reinforcing the likelihood that the Federal Reserve may maintain elevated interest rates for a longer period.

The rising U.S. Treasury yields have also made traditional fixed-income assets more attractive compared to higher-risk investments like cryptocurrencies. This has reduced liquidity in speculative markets and placed additional pressure on assets such as Bitcoin.

From a technical perspective, traders are closely watching the $68,500 support level after Bitcoin dropped below the $70,000 threshold. If selling pressure continues, analysts suggest the next potential downside target could be the $65,000 support zone.