Traders said macroeconomic data suggests optimism for riskier bets, such as bitcoin, in the coming months. “The US 2Y/10Y treasury spread, an indicator of recession, has been inverted since July 2022 but has recently steepened to +8bps,” QCP Capital traders said in a market broadcast Friday. “This reflects market optimism and a shift towards risk-on assets.”
Source: https://www.coindesk.com/markets/2024/09/20/bitcoin-nears-64k-as-btc-futures-attract-billions-bojs-hike-pause-bumps-risk-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines