As 13-week U.S. Treasury yields fell, gold rallied nearly 5 percent, prompting CryptoQuant analysts to suggest that bitcoin could also benefit from the trend.
One analyst added that while an increase in the global money supply typically indicates positive momentum for bitcoin, the current record M2 has not yet been fully reflected in the valuation of the digital asset
CryptoQuant: Bitcoin has upside potential against the backdrop of falling U.S. Treasury yields and rising gold
2024-10-04 15:45:38
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