Iran-UAE tensions are pushing Bitcoin toward a record bond-market danger zone

By Topline Newsroom
1 min readSource: cryptoslate.com
Iran-UAE tensions are pushing Bitcoin toward a record bond-market danger zone
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The story

Iran's attack on ships in the Strait of Hormuz and a drone strike on the Fujairah Oil Industry Zone sent Brent crude to $114.44 and WTI to $106.42, while the 10-year Treasury yield climbed to roughly 4.44% and the 30-year broke above 5%. Bitcoin registered an intraday high of $80,717.66 on May 4, putting its [ ] The post Iran-UAE tensions are pushing Bitcoin toward a record bond-market danger zone

From the source

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Renewed Middle East attacks sent oil and Treasury yields higher, forcing Bitcoin back into its hardest macro tradeoff of inflation hedge versus liquidity-sensitive risk asset.

Who and what

Key names and topics in this story: Iran, Bitcoin.

Where to follow next

#crypto#iran#bitcoin
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