Analyst sees US 10-year yield hitting 6% — bitcoin impact hinges on the driver
- —US 10-year Treasury yield reached 5.23%, the highest since 2007
- —10x Research sees the yield potentially rising to 6% in coming months
- —Since late 2023, a 135 bps yield rise coincided with bitcoin roughly doubling
- —In 2022, amid Fed tightening, bitcoin fell 64%
Why it matters: The driver of higher yields will decide whether bitcoin faces headwinds or draws safe-haven inflows.
Source: TokenPost