Bitcoin Price (BTC) Remains Lower After U.S. Employment Miss

The U.S. bond market has quickly reversed course over the past two weeks, moving from panic selling action to believing that the Federal Reserve’s rate hikes are over this cycle, paving the way for the adding fixed income securities to portfolios. After exceeding 5% on October 19, the 10-year Treasury yield had fallen to 4.64% before this employment news. The two-year Treasury yield fell by a similar amount, dropping 4.99% before the report was released.