The 10-year U.S. Treasury yield is reaching new highs at an inconvenient time for bitcoin.
High interest rates have not been bitcoin's friend in the past, and the benchmark 10-year U.S. Treasury yield recently reaching new generational highs comes at an especially inconvenient time for the cryptocurrency. Bitcoin's price has held up in this year's rising rate environment, but it's also struggled to reach new highs, as investors seeking regulatory certainty in crypto remain on the sidelines.
In the past, high yields have put pressure on crypto, giving investors fewer reasons to bet on high-risk assets such as bitcoin in the face of high yield, low risk assets like government bonds. "It's going to be hard for bitcoin to really gain any upward momentum with rates and real rates continuing to back up," said Rob Ginsberg, an analyst at Wolfe Research.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
10-year Treasury yield rises as high as 4.98% ahead of Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Weiterlesen »
How have New Jersey’s top high school football recruits fared as high school playoffs near?Find out how New Jersey's biggest high school football recruits have fared on and off the field with the playoffs looming.
Weiterlesen »
Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil marketsRelentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate market.
Weiterlesen »
“Not for beginners!”: Santa Cruz’s big swell collides with high tideHigh temps, high surf and high tide collided in a flurry of water rescues around noon Wednesday.
Weiterlesen »
Ten-year Treasury yield flirts with 5% ahead of Powell commentsJamie Chisholm is a markets reporter based in London.
Weiterlesen »
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbsDollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
Weiterlesen »