Yield Peak Ahead of Midterms Paves Way for Bitcoin Rally

Key Summary

Analyst Benjamin Cowen expects the 10-year Treasury yield to peak before mid-November, potentially easing pressure on Bitcoin and other risk assets. This could be due to the Fed's soft inflation and labor market, as well as the recent weak jobs report. However, long-term rates are still expected to climb, potentially keeping pressure on assets with no yield, such as Bitcoin.