Bitcoin Hits Record High Against BlackRock's U.S. Treasury ETF as Investors Search for Returns: Van Straten

Coindesk
2024-11-04
  • BlackRock's long-term U.S. treasury bond ETF, TLT, has dropped 8% year-to-date against bitcoin, which is up 55%.
  • U.S. Treasuries are considered a liquid, global reserve asset.
  • Bitcoin dominance made new highs over the weekend at 60.56% of crypto-market cap.

Bitcoin (BTC) is becoming even more dominant in crypto markets and is growing in importance against U.S. Treasuries, the bedrock of the American financial system and among the world's largest and most liquid markets, in a signal some investors may be looking to take on more risk in the search for greater returns.

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