WS #15257
Bitcoin has surged past $87,000, driven by weaker US jobs data that has lowered bond yields and increased demand for alternative assets. Traders are reducing bets on rate hikes, favoring crypto as both a risk-on asset and a hedge against currency debasement. The surge is supported by steady ETF inflows and a broader rotation into digital assets as traditional fixed-income yields decline.
Bitcoin Surge and Crypto Markets
Bitcoin has surged past $87,000, driven by weaker US jobs data that has lowered bond yields and increased demand for alternative assets. Traders are reducing bets on rate hikes, favoring crypto as both a risk-on asset and a hedge against currency debasement. The surge is supported by steady ETF inflows and a broader rotation into digital assets as traditional fixed-income yields decline.