U.S. debt hit $40.1T while the 10-year Treasury yield climbed to 5.34%—highest since 2002. In Europe, the France-Germany spread reached its widest point since 2012, and French credit default swaps are at 2013 highs.
If a debt crisis materializes, expect $BTC and risk assets to sell off initially. Central banks would likely respond with liquidity injections—the "money bazooka" scenario.
Market watchers are eyeing sovereign debt stress as a potential inflection point for both traditional and crypto markets.
If a debt crisis materializes, expect $BTC and risk assets to sell off initially. Central banks would likely respond with liquidity injections—the "money bazooka" scenario.
Market watchers are eyeing sovereign debt stress as a potential inflection point for both traditional and crypto markets.