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Bitcoin Faces ‘Crucial’ 36 Hours on Heightened Sensitivity to US Yields
Global markets are on tenterhooks ahead of a Federal Reserve interest-rate decision and key US inflation figures. Bitcoin investors have reason to be particularly alert for potential volatility. A 30-day correlation between Bitcoin and the US 10-year Treasury yield is at minus 53, one of the most negative readings in data compiled by Bloomberg since 2010. The metric suggests the largest digital asset at present is moving in the opposite direction to the benchmark bond yield to an unusual degree. Bonds may be buffeted by the inflation data and Fed policy outlook, which are both due in the space of a few hours on ... (full story)
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- Posted: Jun 11, 2024 10:43am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 349
