From Cointelegraph
April 11, 2025 3:45 PM:

Bitcoin is in “up only mode” as US bond market crisis pushes investors towards alternative stores of value. US 10-year Treasury yield hits two-month high at 4.59%. $29 trillion US Treasury market drops over 2% this week. Trump’s tariff chaos adds pressure, US Dollar Index falls below 100 for the first time since 2022.

Bitcoin rises by over 4.50% amid US bond market rout, reaching around $83,250. Former BitMEX CEO Arthur Hayes predicts more policy response if conditions persist, expects Bitcoin to enter “UP ONLY mode.” Bond traders now pricing in at least three rate cuts from the Federal Reserve by year end, fourth likely.

Sharp drops in US Dollar Index historically precede powerful Bitcoin bull runs, analyst Venturefounder notes. Falling DXY seen as bullish signal for Bitcoin. Bollinger Bands creator John Bollinger offers bullish outlook, sees Bitcoin forming familiar bottom at $80,000. Falling wedge pattern hints at potential rally toward $100,000.

Read more at Cointelegraph: Bitcoin price preparing for ‘up only mode’ as US bonds suffer worst selloff since 2019