Crypto.IQ Daily Radio Show June 21: Bitcoin (BTC) Nears $10,000 After War With Iran Almost Breaks Out, 10 Year Federal Treasury Bond Yields Are Strongly Correlated With Bitcoin’s (BTC) Price

Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) hit a new 2019 high of $9,925 this morning, and now the market is watching and waiting to see if Bitcoin (BTC) can break the important psychological level of $10,000. The rest of the crypto market is looking bullish as well, and the total crypto market cap has hit a new 2019 high of $304 billion. Apparently war between the United States and Iran almost broke out last night, and it seems that one more incident in the Strait of Hormuz would be all it takes to cause a war. Speculation regarding war with Iran may be fueling bullishness in the crypto market. We discuss how Bitcoin (BTC) and 10 year Federal Treasury bond yields are strongly correlated. Essentially, when 10 year bond yields decline Bitcoin (BTC) goes up, meaning that when people rush into long term bonds as a safe haven they also buy Bitcoin (BTC). This correlation can be used as a leading indicator to forecast a Bitcoin (BTC) price increase. Learn about how Coinbase was hacked by the 0-day virus, but reversed the hack in time to prevent losing money. Hear about how Bitmain is looking to do an IPO in the United States, and how this IPO attempt is more likely to succeed due to the bullish state of the crypto market. We also discuss how lending platform Celsius is ending the distribution of Celsius (CEL) tokens in the United States due to regulatory concerns.