Bitcoin news: BTC and stocks stabilize. The bond market isn’t convinced
Bitcoin and stocks stabilized after an early-week geopolitical selloff, but rising Treasury yields signal inflation concerns and reduced Fed rate cut expectations.Summary
Bitcoin (BTC) and global equity markets stabilized after an early-week slide triggered by military conflict reports involving the U.S., Israel, and Iran, which initially caused an oil price surge. BTC recovered above $70,000, and S&P 500 futures rebounded from multi-week lows. However, the bond market remains cautious, with the 10-year U.S. Treasury yield rising from 3.93% to 4.15%, suggesting renewed inflation concerns and diminishing bets on Federal Reserve rate cuts this year. Traders now see less than a 50-50 chance of two 25-basis-point cuts, down significantly from pre-conflict expectations. Experts note that economic resilience combined with an energy shock often keeps the Fed "frozen for longer." Furthermore, historical patterns suggest oil prices may continue to climb gradually, potentially capping upside for risk assets like crypto and stocks in the coming weeks. Attention is now focused on upcoming U.S. nonfarm payrolls data, which could further influence rate-cut expectations.
(Source：CoinDesk)