🧮 $BTC 81551.16, 24h -1.07%, 24h trading volume 1.152 billion
Event: The correlation between Bitcoin’s market cap and US Treasury yields has risen to an all-time high, while BTC has gained nearly 30% in two months.
Don’t make a judgment based on a single data point; look at several dimensions at the very least. I usually include the dollar in my macro watchlist, but rarely use it on its own as a basis for buying or selling.
Event: The correlation between Bitcoin’s market cap and US Treasury yields has risen to an all-time high, while BTC has gained nearly 30% in two months.
Don’t make a judgment based on a single data point; look at several dimensions at the very least. I usually include the dollar in my macro watchlist, but rarely use it on its own as a basis for buying or selling.