TechFlow News, January 23: According to Cointelegraph, as global long-term interest rates rise, the U.S. Treasury yield spread has widened to its highest level since 2021, prompting increased market caution toward risk assets—including Bitcoin. David Roberts, Head of Fixed Income at Nedgroup Investments, stated that persistently rising yields will weigh on global equity markets, with pressure concentrated on long-dated Treasuries; higher long-term yields increase the opportunity cost of holding non-yielding assets, thereby diminishing the appeal of high-beta risk assets such as equities and Bitcoin. Additionally, gold’s relative strength is viewed as another headwind for Bitcoin. Bloomberg Intelligence Strategist Mike McGlone noted that gold is undergoing a “historic alpha capture,” drawing capital inflows amid rising long-term U.S. Treasury yields. Should investors continue favoring low-volatility stores of value, Bitcoin’s path back to key psychological levels—such as $100,000—may become more challenging.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
