Bitcoin’s [BTC] growth over the last few days may have gladdened the hearts of market players. However, according to IntoTheBlock...
The disappointing state of Treasury bonds could trigger a rescue plan from the Fed. Either way, Bitcoin is likely to attract more liquidity. Here’s how…growth over the last few days may have gladdened the hearts of market players. However, according to IntoTheBlock, the king coin’s performance has also influenced the macroeconomic landscape, especially in the U.S.U.S.
“This creates structural problems for the economy since the rates the government pays on their debt continue rising along with the size of their debt.Meanwhile, the loss of the bonds seems to be a gain for Bitcoin as Wall Street veterans who are mostlyto traditional assets are looking in the direction of the cryptocurrency. This was also evident in the digital asset investment report of 16 October.that investment products around Bitcoin rose for the third consecutive week.
In terms of volatility, BTC has been less volatile than bonds in the last 30 days, despite the former recognition as a very volatile asset. However, there are specific reasons for theBitcoin has enjoyed lately. One of which is the increasing optimism around the market that a Bitcoin spot ETF would soon beAnother factor is the resolute nature displayed by long-term holders of the coin. At press time, about 80% of Bitcoin holders have held for at least six months.
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