Marcus Sotiriou a market analyst at GlobalBlock attributed Bitcoin’s climb to optimism that the United States could report another decline in inflation next week. Such a decline would typically be expected to support assets like cryptocurrencies that do well when markets have an optimistic tone.
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding