Strategist Warns Bitcoin Headwinds to Persist as 10Y Yield Nears 5%

A market strategist has issued a warning that Bitcoin's current headwinds are unlikely to dissipate as the 10-year US Treasury yield continues its ascent, potentially reaching 5%. This outlook suggests persistent pressure on risk assets, including cryptocurrencies, due to higher borrowing costs and a stronger dollar. Such a scenario could indirectly support the US dollar, potentially impacting gold prices and the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: www.investing.com