Standard Chartered: US Treasury yields are still below 4.50%, Bitcoin is expected to break new highs in February

Odaily Planet Daily News Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that the current market conditions are favorable for Bitcoin, given that the 10-year U.S. Treasury yield is still below 4.50%. Kendrick said that if the yield remains at these levels throughout the weekend, Bitcoin may break through $102,500 and may hit a record high of more than $108,000 in February. Kendrick said: "Although the details of the U.S. employment data released today are clear, the 10-year U.S. Treasury yield has not been able to break through 4.50% so far, which is very constructive for digital assets. The yield is not higher, but the economic conditions are still good, which is the golden development period for digital assets." (THE BLOCK)