Correlation between Bitcoin and Treasury yields records sharp drop

Correlation between Bitcoin and Treasury yields records sharp drop

According to data provided According to Barchart, the correlation between Bitcoin (BTC) and the 10-year Treasury yield has plummeted to one of its most negative readings in 14 years.

According to data provided According to Barchart, the correlation between Bitcoin (BTC) and the 10-year Treasury yield has plummeted to one of its most negative readings in 14 years.

Advertisement

Earlier this week, the correlation fell to -53.

The Treasury yield is how much investors can earn when they buy U.S. government bonds.

HOT Stories
SHIB, FLOKI, WIF, BRETT: Meme Coin Bloodbath Continues
SHIB, FLOKI, WIF, BRETT: Meme Coin Bloodbath Continues
SHIB soars 2,834% despite price remaining 6% lower
Shiba Inu’s Shibaswap now supports DEXTools
Will Shiba inu (SHIB) lose $0.00002? Bitcoin (BTC) Plunges After Hitting $70,000, Solana (SOL) Might Be the Safest Asset at the Top of the Market Right Now

Bond strategists expect Treasury yields to stabilize in the near future and see a slight decline later this year.

The 10-year U.S. Treasury yield plummeted this year as investors expected the U.S. Federal Reserve to implement multiple rate cuts. However, it later recovered due to better-than-expected economic data and persistently high inflation.

Related

Wed, 06/12/2024 – 07:35
SHIB, FLOKI, WIF, BRETT: Meme Coin Bloodbath Continues

It is now unclear whether the Federal Reserve will opt for two or just one rate cuts this year. That said, there is still a chance there will be no rate cuts in 2024.

As Guru-Investingreported, Bitcoin price plummeted to the $66,000 level on Tuesday after Bitcoin exchange-traded funds (ETFs) ended their 19-day inflow streak. Despite high inflows last week, the leading cryptocurrency failed to break the $72,000 mark on Tuesday due to better-than-expected employment data.

The leading cryptocurrency is expected to experience another bout of volatility this Wednesday due to the upcoming Consumer Price Index (CPI) report. Additionally, the Federal Reserve is on track to announce its interest rate decision.

Lower borrowing costs would be beneficial for risk assets like Bitcoin.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة