Chart Of The Day: Bitcoin Eyeing $30K, Possibly Even Lower – Investing.com India

Chart Of The Day: Bitcoin Eyeing $30K, Possibly Even Lower – Investing.com India

Yesterday's publication of the from the Fed's December meeting revealed that Federal Reserve policymakers are further along on the path to higher interest rates than investors realized.

After the release, traders and investors cashed out of a wide range of asset classes including formerly high-flying technology stocks. Even Treasuries were of no use to anyone looking for a safe haven, current yields pale in comparison to the expected higher interest rates.

Therefore, sovereign bond issues with lower maturity dates outperformed among Treasuries, since the short-dated bonds wouldn't lock traders into a lower payout schedule. The , which should be the immediate beneficiary of higher rates, remained flat. Investors are also betting on the ECB tightening policy shortly.