$BTC Global liquidity is once again being held down by U.S. Treasuries!
The yield on 10-year U.S. Treasuries has already broken through 5.1%.
The market is starting to price in that high interest rates will stay elevated for longer!
The U.S. Dollar Index is above 101, and the yen is nearing 159.
The strong-dollar, high-rate playbook from 2022 is back again!
The entire U.S. Treasury yield curve continues to move higher. The 10-year yield is above 5.1%, the 20-year is approaching 5.5%, and the 30-year is touching around 5.4%. The long-term Treasury ETF TLT has also been pushed below $80. Market expectations for the Federal Reserve have turned more hawkish: it is now pricing in the possibility of additional rate hikes and a prolonged period of high rates.
The pressures behind this come from strong economic data, rising oil prices, inflation risks, and massive funding demand appearing at the same time. Rising yields lift the dollar; gold is still above $4,200, and USD/JPY is approaching 159. For BTC and U.S. stocks, this means both funding costs and dollar pressure are rising simultaneously—what matters next is who can keep withstanding this macro headwind.
Bonds are once again recalibrating the pricing of global assets.
If BTC can still hold up against the strong dollar and 5% Treasuries, just how resilient spot buying can be will become increasingly clear.
Click the card below and get started!👇
$ETH $ZEC
The yield on 10-year U.S. Treasuries has already broken through 5.1%.
The market is starting to price in that high interest rates will stay elevated for longer!
The U.S. Dollar Index is above 101, and the yen is nearing 159.
The strong-dollar, high-rate playbook from 2022 is back again!
The entire U.S. Treasury yield curve continues to move higher. The 10-year yield is above 5.1%, the 20-year is approaching 5.5%, and the 30-year is touching around 5.4%. The long-term Treasury ETF TLT has also been pushed below $80. Market expectations for the Federal Reserve have turned more hawkish: it is now pricing in the possibility of additional rate hikes and a prolonged period of high rates.
The pressures behind this come from strong economic data, rising oil prices, inflation risks, and massive funding demand appearing at the same time. Rising yields lift the dollar; gold is still above $4,200, and USD/JPY is approaching 159. For BTC and U.S. stocks, this means both funding costs and dollar pressure are rising simultaneously—what matters next is who can keep withstanding this macro headwind.
Bonds are once again recalibrating the pricing of global assets.
If BTC can still hold up against the strong dollar and 5% Treasuries, just how resilient spot buying can be will become increasingly clear.
Click the card below and get started!👇
$ETH $ZEC
