Wall Street Investors Troop into Bitcoin as Treasury Notes Yield Plunges

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

The long-term bullish prospects of Bitcoin (BTC) have just gotten a boost, following investors’ latest stance on the long-dated Treasury notes.

According to a recent Wall Street Journal report, investors expect the Federal Reserve to begin a long-term US bond-buying campaign, after its next policy meeting in December. This is as a result of the ever-growing COVID-19 numbers in the US, coupled with the US Congress’s second stimulus package political stalemate.

The US economy is in a tough spot following US Treasury Secretary Steven Mnuchin’s decision to terminate some of the Fed’s emergency lending amenities, which aided small and medium-sized enterprises, and state and local governments.

This has left the central bank with little or no options to buy long-term US Treasury notes, which reduces the cost of borrowing for businesses and individuals. Meanwhile, the Fed doesn’t intend to stock up on short-term Treasury notes purchases because the yields on them are already close to zero.

That said, growth in the long-term Treasury notes diminished the yield returns, which means that investors will receive less money than they invested when their bond expires.

This reality has prompted investors to seek inflation-resistant assets like Bitcoin. With this, it can be understood why a yield below 1% on the US 10-year Treasury has coincided with the 400% price surge in Bitcoin.

Key BTC Levels to Watch — December 2

Bitcoin has recovered yet again from another unexpected dip, following a bipartisan stimulus bill agreement in the US Congress. BTC has regained its footing above $19,000, as it prepares to break $20,000.

In the meantime, the cryptocurrency is in a consolidation between $18,800 and $19,205.

Our key resistance levels are at $19,500, $19,880, and $20,000. While our key support levels are at $18,800, $18,400, and $18,000.

Total market capital: $568 billion

Bitcoin market capital: $354 billion

Bitcoin dominance: 62%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.