✉news BusinessCrypto first seen 1 d ago, last 8 h ago, peak #8
Bitcoin Funds Take In $2.5 Billion Despite Rising Bond Yields
Original: Bitcoin Funds Took In $2.5 Billion as the 10-Year Yield Hit 5.31%. Is Bitcoin Ignoring the Bond Market?
Bitcoin investment funds drew roughly $2.5 billion in inflows even as the 10-year US Treasury yield climbed to 5.31%, a level that historically pressures risk assets. The strong demand suggests investors may be treating bitcoin as increasingly detached from traditional bond-market dynamics, prompting debate over whether the cryptocurrency now trades on its own cycle or whether the divergence will prove temporary.
Why now: Unusually large fund inflows coinciding with a 5.31% 10-year yield challenge the usual inverse relationship between bond yields and risk assets like bitcoin.
BitcoinUS Treasury10-Year Treasury Yield
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Evidence
- Bitcoin Funds Took In $2.5 Billion as the 10-Year Yield Hit 5.31%. Is Bitcoin Ignoring the Bond Market? · 24/7 Wall St.
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