Standard Chartered: US Treasury yields are still below 4.50%, Bitcoin is expected to break new highs in February

Odaily reports that Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that the current market conditions are favorable for Bitcoin, as the 10-year US Treasury yield remains below 4.50%. Kendrick stated that if the yield stays at these levels throughout the weekend, Bitcoin could break through $102,500 and potentially reach a new all-time high above $108,000 in February. Kendrick said: "Although the details of the US employment data released today are very clear, the 10-year US Treasury yield has so far been unable to break above 4.50%, which is very constructive for digital assets. With the yield not rising higher but the economic conditions still healthy, this is the golden period for the development of digital assets." (THE BLOCK)