Bitcoin Bond Market: Why Treasury Yields Could Matter More Than the Fed

Bitcoin faces rising Treasury yields as CoinShares warns bond markets could matter more than Fed rates amid slowing crypto fund inflows. Bitcoin’s next price move may depend more on the U.S. bond market than the Federal Reserve’s interest rate decisions. CoinShares believes rising Treasury yields could become a major factor as investors grow concerned about government debt and borrowing costs. In its October 8 market update, CoinShares reported that digital asset funds had attracted roughly $11.1 billion since mid-July. However, inflows slowed this week as the 10-year U.S. Treasury yield climbed above 5.3%.

Source: Live Bitcoin News