Bitcoin
Bitcoin (BTC) Faces 36-Hour Risk Due to Sensitivity to US and Fed Yields
Global markets are in suspense ahead of a Federal Reserve decision on the interest rate and the main inflation figures in the USA. Bitcoin investors have reason to be particularly alert about potential volatility.
A 30-day correlation between Bitcoin and the 10-year U.S. Treasury yield is at minus 53, one of the most negative readings in data compiled by Bloomberg since 2010. The metric suggests the largest digital asset is currently moving toward opposite for benchmark bond yields at an unusual level.