Bitcoin Price to Fall as US, Japan Treasury Yields Surge and Gold Eyes $4000?
The post Bitcoin Price to Fall as US, Japan Treasury Yields Surge and Gold Eyes $4000? appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin price risks falling amid rising long-term Treasury yields due to fiscal concerns. 30-year US Treasury yield just hit 5% and Japan’s 30-year Government Bond yield reaching another ATH, keeping trades off risk assets. Gold decouples from Bitcoin and climbed above $3,600, targeting $4,000. This coincided with Japan’s 30-year Government Bond yield reaching another ATH. Bitcoin price is on a slow recovery path but headwinds keep appearing for the largest crypto asset. The rising U.S. Treasury yields, surging Japan’s 30-year Government Bond yield, and gold hitting another all-time high (ATH) risk a fall in Bitcoin price. Meanwhile, other headwinds such as inflation concerns continue to exist as traders eye the September 17 Fed rate decision for further cues on market direction. US and Japan Treasury Yields’ Rise Raise Concerns Rising long-dated yields in both the U.S and Japan raised concerns among investors, easing demand for risk assets. The 10-year US Treasury yield advanced above 4.295% on September 3. Additionally, the 30-year US Treasury yield just hit 5% amid fiscal concerns, according to CNBC data. This coincided with Japan’s 30-year Government Bond yield reaching another ATH, rising 8.5 basis points to 3.285%. This could be the beginning of the global deficit spending crisis, as per The Kobeissi Letter. Japan’s 30-Year Government Bond Yields | Source: The Kobeissi Letter Also, economist Peter Schiff said yields on the 30-year U.S. Treasury will soon rise above 5%. This happens as the Fed intends to cut rates in September and the coming months. At the time of writing, the CME FedWatch Tool showed a 92% probability of a Fed rate cut by 25 bps on September 17. Also, traders expect two rate cuts this year as odds rise amid Fed Chair Jerome Powell’s latest dovish comments. Typically, Bitcoin price moves in the opposite direction…
The post Bitcoin Price to Fall as US, Japan Treasury Yields Surge and Gold Eyes $4000? appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin price risks falling amid rising long-term Treasury yields due to fiscal concerns. 30-year US Treasury yield just hit 5% and Japan’s 30-year Government Bond yield reaching another ATH, keeping trades off risk assets. Gold decouples from Bitcoin and climbed above $3,600, targeting $4,000. This coincided with Japan’s 30-year Government Bond yield reaching another ATH. Bitcoin price is on a slow recovery path but headwinds keep appearing for the largest crypto asset. The rising U.S. Treasury yields, surging Japan’s 30-year Government Bond yield, and gold hitting another all-time high (ATH) risk a fall in Bitcoin price. Meanwhile, other headwinds such as inflation concerns continue to exist as traders eye the September 17 Fed rate decision for further cues on market direction. US and Japan Treasury Yields’ Rise Raise Concerns Rising long-dated yields in both the U.S and Japan raised concerns among investors, easing demand for risk assets. The 10-year US Treasury yield advanced above 4.295% on September 3. Additionally, the 30-year US Treasury yield just hit 5% amid fiscal concerns, according to CNBC data. This coincided with Japan’s 30-year Government Bond yield reaching another ATH, rising 8.5 basis points to 3.285%. This could be the beginning of the global deficit spending crisis, as per The Kobeissi Letter. Japan’s 30-Year Government Bond Yields | Source: The Kobeissi Letter Also, economist Peter Schiff said yields on the 30-year U.S. Treasury will soon rise above 5%. This happens as the Fed intends to cut rates in September and the coming months. At the time of writing, the CME FedWatch Tool showed a 92% probability of a Fed rate cut by 25 bps on September 17. Also, traders expect two rate cuts this year as odds rise amid Fed Chair Jerome Powell’s latest dovish comments. Typically, Bitcoin price moves in the opposite direction…
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