More headwinds for bitcoin as bond yields rocket higher today. This morning's First Mover Americas from godbole17 and parikshitm899
” hosted by Christine Lee, Emily Parker and Lawrence Lewitinn at 9:00 a.m. U.S. Eastern time. Today’s show will feature guests:, Director of Global Strategy, Huobi GlobalBitcoin's bounce from key price support stalled near $39,000 ahead of American trading hours, as the futures tied to the tech-heavy Nasdaq 100 index erased 1% gain and dipped into the red. Meanwhile, the yield on the U.S. 10-year Treasury note rose to 2.
Historically, bitcoin has chalked up price rallies in an environment of rising inflation expectations and bond yields, according to Charlie Morris, CIO at ByteTree Asset Management. Aside from the macro stuff, traders will closely watch the European Union's vote on a draft of the proposed "The bill as it is currently framed would require miners to submit environmental sustainability compliance plans. Failing to submit them would prevent their operation within the EU.
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