Daily Flash：While the Spring is Getting Warmer, Bitcoin Is About To Experience the Cold Winter；Musk Changed His Mind and Refused to Join the Twitter Board

Today's topic - the US 10-year yield will hit 3%, and is Bitcoin winter coming?

According to institutional analysis, the 10-year US Treasury yield will reach 3% this week. Real yields on Treasury Inflation-Protected Securities (TIPS) could rise above zero. The US CPI data to be released on Tuesday is expected to rise to 8.4%. Market comments have become increasingly pessimistic.

Hatzius, chief US economist at Goldman Sachs, said that if the economy did not slow, the Fed might need to raise its benchmark interest rate to "more than 4%”. According to the capital flow data of EPFR, US bond funds suffered the largest one-day capital outflow in more than two years after Federal Reserve governor Brenner said last week that the Federal Reserve would start to shrink its table as soon as may. Term premiums have also soared.

However, rising yields are good news for US bonds, which may begin to attract some investors. At present, the yield of 10-year US bonds is 120 basis points higher than the average bond yield of other G7 countries, and the interest rate spread is the largest in a year.

The expectation of economic depression is making global liquidity shrink rapidly. Can cryptocurrency avoid this risk?

Today's Chart - Polkadot will unlock the staking of more than 2 million DOT this week

King data monitoring shows that during this week (April 11 to April 17), the total amount of DOT staked by Polkadot was 2.2187 million, and the unlocking peak was on April 12, unlocking 1.039 million DOT. Please keep an eye on the fluctuation of the market and stay tuned.

Today's Influencer - CEO of Twitter: Musk decided not to join our Board of Directors

On April 11, Parag Agrawal, the CEO of Twitter, reported that Elon Musk decided not to join Twitter's board of directors. Some analysts pointed out that the reason may be because Musk is suspected of manipulating the market.

Earlier, on April 5, twitter appointed Musk as a member of the Board of Directors. Affected by this, Twitter (TWTR. N) rose sharply in front of the disc and is now up nearly 7%. In this regard, the CEO of Twitter said that Musk is both a fanatical believer and a strong critic of Twitter, which is exactly what we need on Twitter.



Author: Gate.io Observer: Byron B. Translator: Joy Z.
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