Over the past six months, the correlation between the US 10-year Treasury yield and Bitcoin's price has been significantly negative, reaching -90.61%
Over the past six months, the correlation between the US 10-year Treasury yield and Bitcoin's price has been significantly negative, reaching -90.61%. This relationship was particularly evident yesterday.
On April 2, the US 10-year Treasury yield surged to 4.3%, triggering a correction in US equities. Bitcoin's price dropped by over 5% within 24 hours.
Additionally, meme stocks in the US stock market continued to decline sharply. In the cryptocurrency space, meme coins also suffered heavy losses, with a 24-hour drop of over 12%, leading all other crypto sectors. In contrast, the SocialFi sector experienced a milder 24-hour decline of only 4.58%.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
