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Treasury yields at 5% threaten extending Bitcoin’s best quarter since 2017

Published Source: CoinTelegraphRead original

Crypto Insight Summary: Weak US jobs data has narrowed expectations for another Fed hike in October, offering Bitcoin some relief as investors continue to embrace the debasement trade. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Weak jobs data reduces rate hike risk, boosting BTC as a debasement hedge.

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Treasury yields at 5% threaten extending Bitcoin’s best quarter since 2017 — Crypto Insight