Bitcoin rebounds as US Treasury yields fall

US long-term government bond yields fell 3.9bp... Market fear ↓
Altcoins continue to decline despite Bitcoin's rebound
SC Bank: "BTC will eventually break its all-time high this year"

The rapid rise in US Treasury yields eased, and on the 25th, rebounded.

The yield on the 10-year US Treasury note fell 3.9bp from the previous session to 4.201%. As US Treasury yields were rising at a frightening pace, the market's fear that this would affect the Federal Reserve's delay in rate cuts eased, allowing and cryptocurrencies that had been constrained in their rise to start rising again.

The news that Microsoft could decide to invest in in December also contributed to 's rebound.

On the 24th, Microsoft filed a proxy statement 'DEF 14A' with the US Securities and Exchange Commission, stating that it will evaluate various investable assets, including , in December to support Microsoft's operating funds.

DEF 14A is a disclosure document that a company must submit to the SEC before a regular shareholders' meeting.

Despite 's rebound, many altcoins continued to decline from the previous day. The analysis is that the downward trend in the cryptocurrency market is due to the lack of positive factors to lift the market, as has not shown visible gains.

◇ = As of 4:30 pm on the 25th based on Upbit, the price of is 93.77 million won. 's market dominance was 59.18%.

Global bank Standard Chartered forecasts that will eventually break its all-time high this year due to the US presidential election in November.

Standard Chartered argued that if former President Trump is re-elected, 's price could reach $125,000 by the end of this year. The report predicted that "the price of will reach about $73,000 by the US presidential election day on November 5, and if former President Trump is re-elected, could rise about 10% by the end of this year."

Meanwhile, the Standard Chartered research team also predicted that if Vice President Kamala Harris is elected, the price of will reach $75,000 by the end of this year, setting a new all-time high. The report stated that "if Vice President Harris is elected, the price of will trade lower for a while, but will record $75,000 by the end of the year."

◇Rising Coins = At 4:30 pm on the 25th based on Upbit, the cryptocurrency that recorded the largest increase from the previous trading day was Safe (SAFE), which rose about 22% that day alone. The main reason for the increase on the 25th is said to be its first listing on Upbit.

Safe is a project that provides users with control over various assets such as identity verification, finance, and cryptocurrencies. It has strengths in security, safes, and wallets.

It holds smart contract wallets running on multiple blockchains, and provides a multi-signature wallet function that requires approval from a certain number of people to process transactions. In addition to high security, it also provides various additional services and gas fee saving functions to enhance the user experience.

◇Fear and Greed Index = The Cryptocurrency Fear and Greed Index provided by Alternative is 72 points, entering the 'Greed' stage. The Greed stage is a period of high price volatility and trading volume, where prices are rising. There is a high possibility of forming a short-term peak, so caution is required when selling.