CoinShares: Bitcoin's Next Move Hinges on US Fiscal Worries, Not Fed Rates
- —US 10-year Treasury yields topped 5.3%, 30-year reached 5.7%
- —September was the worst month for US Treasuries in four years
- —Digital asset products drew $11.1 billion since mid-July, but inflows have slowed
- —Odds of a Fed rate hike in October fell from 71% to 23%
Why it matters: If bitcoin starts rallying on US fiscal risk rather than rate cuts, it would reshape its investment case as a hedge asset.
Source: Blockmedia