Summary
- It reported that the U.S. 10-year Treasury yield rose 2.5% year-to-date, outpacing this year's Bitcoin returns.
- Bitcoin was down 7% year-to-date, reflecting the market's fear of risky assets.
- It said institutional fund outflows from Bitcoin ETFs continue, and the Dollar Index (DXY) is also showing strength.
The U.S. 10-year Treasury yield has risen 2.5% year-to-date, outperforming Bitcoin (BTC) this year. This is due to a preference for safe-haven assets.
On the 26th (Korea time), CoinDesk reported that Bitcoin is down 7% year-to-date, while the 10-year Treasury recorded positive returns amid a preference for safe assets. Bitcoin has been trading between $86,000~$88,000 over the past 24 hours.
CoinDesk said this phenomenon occurred as fear toward risky assets took hold of the market. The outlet said, "Outflows of institutional funds from Bitcoin ETFs are heightening market caution," and added, "Even as expectations for interest rate cuts are strong, the Dollar Index (DXY) has confirmed support above its 200-day moving average and remains strong."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
