The U.S. Treasury market is currently experiencing high volatility, which could potentially hinder a predicted bitcoin price recovery. Weaker-than-expected inflation data for February has led some analysts to believe there will be Federal Reserve interest-rate cuts, which could contribute to a bitcoin price recovery. However, the Merrill Lynch Option Volatility Estimate Index (MOVE) has risen to its highest level in four months, which could slow down the expected upswing in bitcoin. Increased volatility in the U.S. Treasury market can have negative effects on leverage and liquidity in financial markets, leading to reduced risk-taking. The MOVE index had previously collapsed after the U.S. election, which aided bitcoin's surge, and the cryptocurrency's rally peaked when the MOVE bottomed out.



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