$BTC BTC Behind the U.S. stock market’s third straight day of decline. The reason is that the 10-year Treasury yield has surged to 4.857%, and at the same time Brent crude oil prices have climbed to around $101. Sigh—look at the market right now: once yields and oil prices start rising, no matter how bullish the crypto market is, institutions have to keep a low profile. This is basically traditional finance’s logic crushing everything else. If you want a bull market, you’ve got to see whether the macro environment is willing to give you a chance. Guys, in this kind of backdrop, going all-in on risk is too dangerous. Wait and see what the Federal Reserve does next. Don’t rush into selling at a loss, but also don’t blindly add new positions. (Source: beincrypto)
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