Yahoo Finance Analysis: Bitcoin Rebounds 38% from July Lows to Approximately $79,700, BlackRock's IBIT ETF Assets Grow to $60.2 Billion, but Macro Headwinds May Hinder Its Return to $100,000
Yahoo Finance analysis indicates that Bitcoin has rebounded approximately 38% from its July 1 low of about $57,700, having surpassed $80,000 last week before falling back to around $79,700 on Friday. During the same period, BlackRock's iShares Bitcoin Trust ETF (IBIT) net assets increased from $47.7 billion at the end of July to $60.2 billion on September 1. However, macroeconomic headwinds including the 10-year U.S. Treasury yield nearing 5% (the highest since January 2025), oil prices rising above $96 due to the U.S.-Iran conflict, and market expectations of a Federal Reserve rate hike in September, could hinder Bitcoin's return to $100,000. Former U.S. President Donald Trump stated on Friday that he would cease trade with countries that have a trade deficit with the U.S. unless the Federal Reserve cuts interest rates.
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