Traders said macroeconomic data suggests optimism for riskier bets, such as bitcoin, in the coming months. โThe US 2Y/10Y treasury spread, an indicator of recession, has been inverted since July 2022 but has recently steepened to +8bps,โ QCP Capital traders said in a market broadcast Friday. โThis reflects market optimism and a shift towards risk-on assets.โ
Bitcoin (BTC) Prices Near $64K as BTC Futures Attract Billions; BoJ’s Hike Pause Bumps Risk Assets
