Bitcoin Looks Beyond $10.5K as Global Bond Yields Collapse Below 1%

Bitcoin eyes a close above $10,500 as investors hunt for better profits in precarious markets. The analogy appears as a little over 60 percent of the global bond market now yields less than 1 percent. Bitcoin has started the new week with an incredible jump above $10,000. The benchmark cryptocurrency rose by as much as 3.94 percent ahead of the European trading session. As it did, the price established an intraday high at $10,333 – a level last touched on June 1, 2020. A few hours later, a small correction ensued that brought the price some $100 lower. Bitcoin breaks above classic trendline resistance. Source: The latest wave of buying sentiment appeared as Gold, a traditional safe-haven asset, inched towards setting an all-time high. Observers noted that larger investors drove a more substantial portion of their portfolio to the precious metal. The analogy took cues from an escalating geopolitical…

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