Reserve

Bitcoin

Impact

Yield

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/btc-price-analysis-how-changes-in-us-10-year-treasury-yields-influence-bitcoins-tide/">BTC Price Analysis: How Changes In US 10-Year Treasury Yields Influence Bitcoin’s Tide?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin has recently displayed signs of a significant price movement, as the market has started experiencing irregular price fluctuations. Bulls are constantly fighting to gain momentum over the bears and have steadily begun to achieve it as the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> is now rising.</p> 
<p>Last week, the yield on the 10-year US Treasury raised to 4.88% for the first time since 2007, while the 30-year offering breached 5.05%, also claiming a 16-year peak. Both have backed up recently due to external factors such as increased geopolitical risk.</p> 
<p>An increase in the Treasury yield means a falling demand for treasury bonds, which can be a negative point for the market as investors prefer higher risk in the hope of higher rewards.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The US 10-Year Treasury Yield has surged to the highest level in 16 years! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>What does it mean for the market?<br><br>• A high 10-year Treasury yield can increase the cost of borrowing for businesses and individuals, particularly for long-term loans like mortgages. <br><br>• This can… <a href="https://t.co/G16pqL5TQW">pic.twitter.com/G16pqL5TQW</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1714578542057423348?ref_src=twsrc%5Etfw">October 18, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Moreover, issuers can now increase the cost of borrowing for personal and professional reasons, specifically for long-term loans such as mortgages, as rising bond yields make borrowing more expensive.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-how-will-it-impact-the-bitcoin-price">How Will It Impact The Bitcoin Price?</h2> 
<p>The increased treasury yield is expected to exert significant downward pressure on Bitcoin price. A surge in yield typically signifies market sentiments of an extended Federal Reserve interest rate hike policy, which is considered unfavorable for high-risk investment assets such as cryptocurrencies.</p> 
<p>This is also an opportunity for Bitcoin as the next <a href="https://coinpedia.org/price-analysis/bitcoin-halving-countdown-begins-heres-what-to-expect-from-the-2024-btc-halving/">Halving</a> is approaching. BTC is here as a substitute for the traditional payment system, and increasing rate hikes and inflation are diluting the value of money. Hence, it can present itself as an alternative as the supply is limited and cannot be governed by a body.</p> 
<p>The market is highly unpredictable as major currencies are struggling to gain stability. Bitcoin is a sign of economic health and resilience by one set of people and a risky move by the other.</p> 
<p>In conclusion, the present change in the yield on the 10-year US Treasury is not expected to impact Bitcoin on a significant level, and the price may only experience a minor hiccup, as <a href="https://coinpedia.org/price-analysis/bitcoin-breakout-confirmed-heres-when-the-btc-price-may-reach-50000/">BTC price</a> is steadily gaining momentum and is preparing itself well for the upcoming Halving.</p>

BTC Price Analysis: How Changes In US 10-Year Treasury Yields Influence Bitcoin’s Tide?

Table of Contents

CoinPedia News

Other articles published on Oct 18, 2023

SEC Adds Cryptocurrencies to 2024 “Priority Examination List”

EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon

MPW Stock: MPW Stock Price Fell 22%; More Downtrend Imminent?

Harga Aset Kripto, Kenali Aneka Faktor yang Mempengaruhinya

Pennsylvania Rep Revises Energy Bill, Drops Crypto Mining Ban

This Ethereum Rival is Gearing up for a 50% Rally – Top Analyst

Join our free newsletter for daily crypto updates!