Crypto
Veteran analyst says bitcoin has surged each time U.S. 10-year Treasury yields rose
Bitcoin has repeatedly posted sharp gains during periods when U.S. 10-year Treasury yields were rising, a market veteran known as Sykodelic said. He cited three past episodes in which yields climbed alongside big bitcoin rallies, including 2013 to 2014 and 2016 to 2018. He also pointed to a similar move since March. Bitcoin is trading around $77,300 and is down 4.7 percent over the past week.
