Would Bitcoin Price Crash If US Bond Yields Rise Above 2 Percent?
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 […]
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Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year.
Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New York opening bell. It was trading at $35,233 on Coinbase exchange at its intraday high, pointing to bullish attempts to […]
Rising bond yields are a threat to prices of hedge assets, but bitcoin is soaring as gold falls.
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) […]
Fresh difficulties for BTC price action fails to dent investor enthusiasm as the battle for $55,000 support begins. Bitcoin (BTC) slid under $55,000 on March 17 as United States treasury yields built on a comeback, which took them to their highest in over a year.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBTC price stays firmly rangeboundData from Cointelegraph Markets Pro and Tradingview showed further downward pressure for BTC/USD on Wednesday, compounding a comedown that began late on Sunday.While not plugging the week's lows at nearer $53,000, the latest dip to $54,425....