Veteran bond market analyst Bassman: If the 20-year U.S. Treasury yield rises to 6%, a “nightmare scenario” will emerge
When macro news affects crypto, I break it down into two steps:
First: Which way are Treasury yields heading? Rising yields are bearish; falling yields benefit risk assets.
Then check whether U.S. stocks and $BTC are moving in sync. A synchronized reaction means this factor is driving the market; no reaction means crypto-specific flows are more dominant.
$BTC is currently at 83586.01, up 1.07% over 24 hours.
When macro news affects crypto, I break it down into two steps:
First: Which way are Treasury yields heading? Rising yields are bearish; falling yields benefit risk assets.
Then check whether U.S. stocks and $BTC are moving in sync. A synchronized reaction means this factor is driving the market; no reaction means crypto-specific flows are more dominant.
$BTC is currently at 83586.01, up 1.07% over 24 hours.