Wintermute Ties Crypto Market Outlook to Oil Prices and US Bond Yields
- —Brent trades near $103 a barrel; holding around $100 would add to inflation pressure
- —10-year US Treasury yields have climbed above 5%
- —Bitcoin closed a week above its 50-week moving average for the first time since November
- —Analysts named $82,500 as the key price level
Why it matters: Oil and US bond yields are becoming the main drivers of risk assets, shaping the next move for bitcoin and altcoins.
Source: Bits.media