Standard Chartered Analysts: US Treasury Yield Curve and Derivatives Interest Rates Show Bull Signals for Bitcoin

On September 25th, according to The Block, Geoff Kendrick, head of digital asset research at Standard Chartered, said that the current US economic conditions are conducive to driving up the price of bitcoin. After the Federal Reserve cut interest rates last week, the US Treasury yield curve steepened, and the yield difference between 2-year and 10-year Treasury bonds was about 21 basis points, indicating that the market is optimistic about future economic growth.
At the same time, bullish sentiment in the bitcoin derivatives market has strengthened, with a significant increase in the opening volume of $100,000 bitcoin options expiring on December 27. In addition, the recent remarks of US Vice President Kamala Harris in support of crypto technology are also seen as market optimism.