The U.S. Treasury yield curve is now at its most inverted point in four decades, with the spread between yields on the 10. Chart of the Day explains how this affects risk assets like bitcoin, presented by cryptocom:
Bitcoin is trading mostly flat around $19,000 despite central bankers around the globe hiking interest rates by larger-than-expected margins following the Federal
Reserve's latest move on Wednesday. Plus, a conversation with White Rock Management CEO Andy Long about the state of mining as the price of bitcoin has declined roughly 60% this year.
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