Bitcoin Pushes Past $37,000 But Rising Yields Sour Bull Sentiment

Rising bond yields are a threat to prices of hedge assets, but bitcoin is soaring as gold falls.

Bitcoin has struggled to capitalize on its recent bull run above $61,000 as traders continue to assess the impact of rising US bond yields on the cryptocurrency market. And now, with markets anticipating further interest rate growth in the 10-year Treasury note, an overvalued BTC/USD exchange rate is clueless about where to head next. The […]

In a recent QuickTake post on CryptoQuant, XWIN Research Japan explains how the rising Japanese bond yields are currently affecting Bitcoin’s price action. Related Reading: Bitcoin Falls To ‘Bottom Discovery’ Zone — What Does This Mean? Japanese Gov’t Bonds Face Downturn Amid Macroeconomic Pressures  According to XWIN Research Japan, yields on Japanese Government Bonds (JGBs) […]

Crypto analyst Tony Severino has disclosed that Bitcoin Chicago Mercantile Exchange (CME) futures have crossed the $100,000 mark, indicating a potential increase in market sentiment and institutional interest. With the cryptocurrency’s Relative Strength Index (RSI) above 70, the analyst asserts that Bitcoin may have entered a bull zone. As a result, he predicts a significant […]

A reversal in interest rates shows that markets are pricing in lower inflation expectations and a rising probability of a deflationary market on the horizon.