Treasury yields at 5% may cap Bitcoin rally
Bitcoin is coming off its best third quarter since 2017, but extending the rally may prove more difficult as Treasury yields above 5% offer investors an increasingly attractive alternative to risk assets, according to Delphi Digital.
Bitcoin (BTC) is coming off its strongest third quarter since 2017, but Delphi Digital said extending the rally may be harder as Treasury yields above 5% are giving investors a more attractive alternative to risk assets. In its latest weekly newsletter, Delphi said Treasury yields above 5% could weigh on further upside for Bitcoin.