Crypto Markets Brace for Bond-Heavy Week With Fed Minutes, ISM Data
- —The 10-year Treasury yield hit 5.34%, its highest in roughly 24 years
- —September payrolls rose just 29,000 versus 90,000 expected; unemployment climbed to 4.2%
- —Wednesday brings a $39 billion 10-year note reopening and the Fed meeting minutes
- —The Fed unanimously raised rates 25 bps to 3.75%-4.00% in September
Why it matters: Rising Treasury yields tighten financial conditions and pressure bitcoin and risk assets; this week's data will test whether BTC holds $85,000.
Source: Blockonomi