‘Paid to wait’: Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time on record
The Block·
60-second summary
Bitcoin is pressing toward $65,000 as softer economic data has eased September Fed hike fears, with spot volume near multi-year lows. This move comes as Treasuries out-yield the carry trade for the second time on record, a rare occurrence that is boosting investor appetite for riskier assets like Bitcoin. Market sentiment is shifting in favor of risk-on trades.
Bitcoin firmed toward $65,000 on Thursday as softer economic data eased September Fed hike fears, with spot volume near multi-year lows.