In a report on the 8th, CoinShares indicated that for the continued rise of Bitcoin (BTC), capital inflows driven by fiscal concerns, rather than interest rate outlooks, are necessary. After cumulative inflows of $11.1 billion since mid-July, inflows into cryptocurrency funds have lost momentum this week.
This perspective is underpinned by U.S. 10-year bond yields exceeding 5.3% and 30-year bond yields reaching 5.7%, both hitting their highest levels in over 20 years...
