Bitcoin Eyes Six Figures as Bond Market Volatility Hits Multi-Year Low

Summary

CoinDesk's Jennifer Sanasie presents the Chart of the Day, focusing on Bitcoin's bullish setup as U.S. Treasury bond-market volatility falls to its lowest level since late 2021. The MOVE index at 58 is framed as a tailwind for risk assets, easing credit and encouraging flows into technology and crypto. Bitcoin was trading above $96,000, up about 10% year-to-date, with analysts pointing to a possible move toward $100,000. She highlights institutional inflows and domestic regulatory progress as the next key drivers.

• Bitcoin has rallied about 10% year-to-date and trades above $96,000.
• The MOVE index has fallen to 58, its lowest since late 2021.
• Lower Treasury volatility is presented as a tailwind for risk assets.
• Stable Treasury prices can ease credit and support growth sectors.
• Bitcoin has historically shown an inverse relationship with Treasury volatility.
• Analysts see a potential rally toward $100,000.
• Institutional inflows and domestic regulatory progress are cited as next drivers.