Macro· ★★★· neutral·

Bitcoin up 84% since January 2024 even as Treasury yields climbed to 5.3%

  • —Bitcoin traded near $83,086 on Oct. 7 with the 10-year nominal yield at 5.27%
  • —Since January 2024, BTC gained 84.2% while the nominal yield rose 127 bps
  • —Post-ETF daily correlation between BTC and nominal yields was +0.054
  • —Post-ETF monthly correlation with real yields turned positive at +0.126
Why it matters: The data suggests rising yields do not necessarily pressure Bitcoin, weakening the case for strict macro-driven crypto pricing.
#BTC
Source: CryptoSlate
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