✉news BusinessCrypto first seen 7 h ago, last 7 h ago, peak #28
Bitcoin seen gaining as US Treasury yields peak after midterms
Original: Forecast of Peaking U.S. Treasury Yields: Bitcoin Poised for Gains After Midterm Elections
Analysts are forecasting that US Treasury yields may be near a peak, a shift that could set the stage for Bitcoin to rally once the midterm elections have passed. Falling yields would ease pressure on risk assets, and crypto markets are watching bond movements closely for signs of a turnaround in Bitcoin's fortunes after a difficult stretch.
Why now: Investors are watching whether Treasury yields peak, since that would signal better conditions for risk assets like Bitcoin.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1243022