Summary
- It was reported that as U.S. federal debt surpassed $37 trillion, the rise in Treasury yields could create a favorable macroeconomic environment for Bitcoin (BTC) in Q4.
- The media outlet analyzed that historical instability in the bond market has coincided with the bottom of BTC price cycles, providing new buying opportunities.
- On the 19th, BTC was reported to be trading at $116,570.48 on the Binance Tether (USDT) market, down 1.13% from the previous day.
On the 18th (local time), Cointelegraph, a media outlet specializing in virtual assets (cryptocurrency), reported that as the U.S. federal debt surpassed $37 trillion and the 10-year Treasury yield rose, this could create a favorable macroeconomic environment for Bitcoin (BTC) in Q4.
The outlet analyzed that instability in the bond market has historically coincided with the bottom of BTC price cycles, providing new buying opportunities.
As of 02:45 on the 19th, BTC was trading at $116,570.48 on the Binance Tether (USDT) market, down 1.13% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
