Bitcoin price preparing for 'up only mode' as US bonds suffer worst selloff since 2019

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Source: CMEBitcoin eyes ‘parabolic bull run’ due to weaker dollarHistorically, sharp drops in the US Dollar Index have preceded delayed but powerful Bitcoin bull runs, according to crypto analyst Venturefounder.“A falling DXY has typically been a strong bullish signal for Bitcoin,” the analyst wrote on X, pointing to a clear bearish divergence on the chart.

In contrast, Bitcoin rose by over 4.50% amid the US bond market rout, reaching around $83,250 on hopes that the weakening macroeconomic conditions will push US policymakers to act.“It’s on like donkey kong,” wrote Hayes in his April 11 X post, adding: “We will be getting more policy response this weekend if this keeps up.

Bitcoin (BTC) is entering what former BitMEX CEO Arthur Hayes calls “up only mode,” as a deepening crisis in the US bond market potentially drives investors away from traditional haven assets and toward alternative stores of value.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets: United StatesChina

Topics: Treasury Bullish Dollar Chart Price Bond Bitcoin Bitmex Index Rate Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 20:45:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27795375

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