Treasury yields rose alongside an increased probability of the Fed delivering another 25 basis point interest rate hike next month, helping keep investor risk appetite under check. The yield on the 10-year note rose to 3.67%, the highest since mid-March, and taking the weekly gain to 20 basis points. The two-year yield also clocked a two-month high of 4.08%. Recently, bitcoin has decoupled from Nasdaq and has moved in tandem with gold, which tends to move in the opposite direction of bond yields.
Related posts
-
Canaan rises 4% after securing Bitcoin mining partnership with Luna Squares Texas
Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations... -
Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder Vote
Microstrategy Chairman Michael Saylor has agreed to deliver a three-minute presentation to Microsoft’s board of directors... -
Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise
Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price...