The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.
The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.
Mainstream interest in the crypto market remains low as key economic indicators show continued decline in the disposable income of the U.S. households.
These changes are supposed to boost the value of MIOTA tokens and improve network security.
Despite bitcoin’s tumultuous year, the world’s largest digital asset proved to be a reliable hedge against inflation. And a number of Liberal MPs own it.