Bitcoin rises toward $65,000 as Treasury yields outpace crypto carry trade
Bitcoin advanced toward $65,000 on Thursday as softer economic data reduced fears of a aggressive Federal Reserve rate path. Trading activity remains subdued, with spot market volume hovering near multi-year lows. Meanwhile, a rare market shift occurred as yields on US Treasuries surpassed returns from the popular Bitcoin carry trade for only the second time on record, signaling changing capital incentives for institutional investors across global financial markets.
Key takeaways
- 1Bitcoin traded near $65,000 amid weaker macroeconomic data.
- 2Spot trading volumes remain near multi-year low levels.
- 3US Treasury yields surpassed the Bitcoin carry trade yield for the second time ever.
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Why it matters
When traditional low-risk yields outpace crypto market strategies, institutional capital flow into digital assets often slows. Investors should monitor whether low spot liquidity and macroeconomic shifts impact broader crypto market momentum.
Discussion
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