Momentum Stalls, Bitcoin Cools Off Amid Macroeconomic Uncertainty

Odaily News: U.S. President Donald Trump rejected Iran's latest proposal regarding the reopening of the Strait of Hormuz, with new macroeconomic uncertainties weighing on risk assets. After weeks of gains, Bitcoin's rally is losing steam, as the market continues to digest the Federal Reserve's rate hike measures and braces for another possible rate hike in October. Since August 19, Bitcoin has risen 28% and is on track for its best quarterly performance since the fourth quarter of 2024. (Lianhe Zaobao)