Why Rising Japanese Bond Yields Are Becoming Bitcoin’s Hidden Macro Driver
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) […]
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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 […]
With high market uncertainty, low inflation, and negative interest rates in many countries, it’s becoming harder for investors to ignore Bitcoin, which is one of the very few investments these days to offer an alternative to further losses. Bond Yields Going Negative Globally. Amid recent market turmoil following Brexit, slashing of forecasts and credit....
Bitcoin rebounded by over 8% overnight and there are three key reasons behind the rally, in addition to macro factors. The price of Bitcoin (BTC) recovered by more than 8% overnight on March 1 following a steep drop during the weekend.There are three reasons the price of Bitcoin recovered swiftly in the past 24 hours. They include the recovering global stock market, rising Coinbase premium, and a typical weekend reversal.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewRising global stock market coincides with weekend reversalThe global stock market has started to recover as soon....
Bitcoin sees weakening momentum as the U.S. dollar recovers and Treasury yields rise. The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again, while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the United States and Asia, has pulled back in tandem as the U.S. Senate's stimulus approval has sparked inflation fears.BTC (orange) vs. DXY (green) vs. Treasury yield (blue). Source: TradingviewWhy is Bitcoin dropping off of inflation fears?As Welt market analyst....