Why Bitcoin Reacts More to Macro Than It Did Before 2020

Bitcoin’s latest reaction to rising Treasury yields fits a pattern that researchers have tracked since 2020. Bitcoin traded below $84,000 on September 24 as US government bond yields reached multi-decade highs. The 10-year Treasury yield touched 5.145%, while the 30-year yield moved above 5.44%, its highest level since 2004. Strong US economic data and higher […] Read The Full Article Why Bitcoin Reacts More to Macro Than It Did Before 2020 On…