Crypto

Bitcoin (BTC) Prices Near $64K as BTC Futures Attract Billions; BoJ’s Hike Pause Bumps Risk Assets

Traders are feeling positive about the future as macroeconomic data points towards a preference for riskier investments like bitcoin. According to experts at QCP Capital, the US 2Y/10Y treasury spread, which serves as an indicator of recession, has been inverted since July 2022. However, recent data shows a steepening to +8bps, indicating a shift towards risk-on assets and market optimism.

This positive outlook suggests that investors may be turning towards assets like bitcoin in the coming months. As economic indicators continue to show signs of improvement, it is likely that riskier bets will become more attractive to traders looking for higher returns.

Overall, the recent data is a promising sign for the cryptocurrency market, as it indicates a growing appetite for risk and a move towards assets like bitcoin. Traders will be keeping a close eye on these macroeconomic trends in the coming months to see how they may impact the market.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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