Odaily Planet Daily reported that data shows the US Treasury yield spread has widened to its highest level since 2021, and the market is becoming more cautious about the outlook for risk assets including Bitcoin. Nedgroup Investments Fixed Income Head David Roberts stated that the sustained rise in yields will put pressure on global stock markets, mainly focusing on long-term government bonds. Rising long-term yields will increase the opportunity cost of holding yieldless assets, thereby weakening the attractiveness of stocks and high Beta risk assets like Bitcoin. Additionally, the relative strength of gold is also seen as another obstacle for Bitcoin. Bloomberg Intelligence strategist Mike McGlone said that gold is undergoing a “historic alpha acquisition,” attracting capital inflows amid rising long-term US Treasury yields. If investors continue to favor low-volatility store-of-value assets, the difficulty for Bitcoin to return to key psychological levels like $100,000 may increase. (CoinTelegraph)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETFs See Daily Outflow of $35.9M While Solana ETFs Continue Weekly Growth
Gate News bot message, according to the March 2 update, Bitcoin ETFs recorded a 1-day net outflow of 548 BTC (-$35.9M), while maintaining a 7-day net inflow of 11,213 BTC (+$734.4M).
Ethereum ETFs showed a 1-day net outflow of 12,307 ETH (-$23.75M), with a 7-day net inflow of 36,108 ETH (+$69.69M)
GateNews10m ago
Bitcoin Undervalued vs Gold: Analyst Signals Rally Ahead
Bitcoin (CRYPTO: BTC) is widely cited as undervalued when measured against traditional stores of value like gold and the broad money supply, according to Samson Mow, the chief executive of Bitcoin technology firm Jan3. In a Saturday post on X, Mow argued that BTC sits roughly 24% to 66% below its tr
CryptoBreaking1h ago
Bitcoin Treasury Firm ProCap Adds $31 Million in BTC as Stock Buybacks Grow
ProCap Financial, led by Anthony Pompliano, acquired $31 million in Bitcoin and raised $2.2 million through share buybacks to close the gap between its market cap and net asset value, as shares of BRR increased by 7% in one day.
Decrypt2h ago
Bitcoin Holds $66,000 as Market Braces for March Rebound
Tom Lee predicts a March rebound for crypto and US stocks as Bitcoin stabilizes at $66K amid geopolitical tensions. Despite market volatility and rising oil prices, he expects economic growth to support recovery in risk assets.
CryptoBreaking2h ago
