Analyst: Rising Global Treasury Yields May Prevent Cryptocurrencies From Rising Further
The cryptocurrency market has been in a bull market since the end of 2024, but the trend of rising global government bond yields seems to have become too much to ignore, says analyst James Van Straten. The yield on the 10-year U.S. Treasury note, considered the benchmark for global standards, had risen to 4.70 percent as of Wednesday, near a multi-year high, and has risen more than 100 basis points since the Federal Reserve first cut the federal funds rate in September. And the yield on 30-year U.K. government bonds rose to 5.35 percent on Wednesday, the highest level since 1998. The yield has risen 105 basis points since September, when the Fed first cut interest rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Deutsche Bank made significant Q3 purchases of midstream AI application stocks: the three major cloud giants saw increased holdings, with Palantir (PLTR.US) and Salesforce (CRM.US) also favored.
Deutsche Bank has submitted its third quarter 13F holdings report for the period ending September 30, 2026.
Crypto prices
More
