Bitcoin (BTC) Prices Approach $64,000 As BTC Futures Draw Billions; BoJ hike pause boosts risk assets

Traders said macroeconomic data suggested optimism for riskier bets such as bitcoin in the coming months. “The spread of the 2/10-year US Treasury, a recession indicator, has been inverted since July 2022, but has recently risen to +8bp,” traders QCP Capital said in a market release on Friday. “This reflects market optimism and a shift to risk assets.”