Cryptocurrency23 Jul 2026SEO 801 min read

Analysis: Bulls face a test unlike anything in bitcoin's 17-year history

Your day-ahead look for July 23, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. The bitcoin…

Your day-ahead look for July 23, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. The bitcoin BTC $ 65,503.72 market is facing a macro environment unlike any it has encountered in its 17-year existence. That's tied to inflation-adjusted returns on bonds. The 30-year Treasury Inflation-Protected Security (TIPS) is now offering a yield of close to 3%, the highest in 17 years, according to TreasuryBonds.com. "This is one of the…

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