To reply whether or not or not bitcoin has been impacting by the latest strikes increased in rates of interest, I ran a fast rolling regression evaluation on the latest bitcoin worth historical past in opposition to rates of interest (each the 2-year US Treasury yield and the 10-year inflation adjusted actual rate of interest) and the EUR/USD spot change price to right for strikes within the U.S. greenback. From the outcomes (see determine above), it seems that present bitcoin costs mirror the transfer up in nominal and actual rates of interest.
Source link