This Could Stop Growth
The yield on 30-year US bonds has fully reversed the decline after the announcement of Treasury bond buybacks and has returned to 5.282%.
All of this decline in yields has now been fully recouped in less than 48 hours.
The risk of the US dollar index rising remains, which creates additional pressure on BTC, which lives on cheap dollars.
Yesterday, Jim Cramer said, “Go and buy Bitcoin.” So it looks like we’re waiting for a pullback.
BTC is overtraded below $80k, near support at $77k. Over the weekend, its next move will be decided.
The yield on 30-year US bonds has fully reversed the decline after the announcement of Treasury bond buybacks and has returned to 5.282%.
All of this decline in yields has now been fully recouped in less than 48 hours.
The risk of the US dollar index rising remains, which creates additional pressure on BTC, which lives on cheap dollars.
Yesterday, Jim Cramer said, “Go and buy Bitcoin.” So it looks like we’re waiting for a pullback.
BTC is overtraded below $80k, near support at $77k. Over the weekend, its next move will be decided.