Risk assets rally on taco trade: Crypto Daybook Americas

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Source: CryptoNewsNet Original Title: Risk assets rally on taco trade: Crypto Daybook Americas Original Link: https://cryptonews.net/news/analytics/32318923/ Crypto prices are recovering after tensions between the U.S. and its NATO allies eased, while bond yields are falling.

Bitcoin rose 0.75% to reclaim the $90,000 level, while ether topped $3,000 after advancing 1.25%. The broader CoinDesk 20 (CD20) index gained 1.56% in the past 24 hours.

A key driver of the rebound was the recovery in Japan’s long-dated government bonds. After surging to multidecade highs, yields on the government’s 10- and 30-year debt fell for a second consecutive session, helped by public reassurances from Tokyo officials. When bond yields fall, prices rise.

That brought some relief to global borrowing markets and, by extension, crypto, which tends to suffer when traders become more defensive and liquidity conditions worsen.

BTC1,05%
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