ING warns that the yield on 10-year US Treasuries is rising, posing risks to crypto
ING Bank forecasts that the yield on 10-year US Treasuries has the potential to rise to 4-4.1%, creating a risk-off environment that negatively impacts crypto, according to CoinDesk. This index typically has an inverse correlation with BTC, which could push the price below $85,000 if the Fed hesitates to cut interest rates. Experts from Themis Trading note the connection between crypto and stocks via ETFs, with concerns of widespread sell-offs. However, history shows that December averages a 9.7% increase for BTC, and the oversold RSI suggests a bounce. Investors are advised to diversify into stablecoins and monitor the BoJ decision on December 19.
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