Cryptocurrency analyst Benjamin Cowen discussed the latest Consumer Price Index report and its potential impact on Bitcoin (CRYPTO: BTC) and the broader market, emphasizing the delicate balance between inflation and unemployment rates.
What Happened: In his latest podcast on Wednesday, Cowen discussed how the 10-year Treasury yield affects Bitcoin’s price action.
He pointed out that Bitcoin struggled in 2023 when yields rose and only recovered once yields peaked. This suggests Bitcoin may face headwinds if yields climb further.
Cowen also warned that a significant rise in inflation or unemployment could …
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