Standard Chartered: The yield on US Treasury bonds is still below 4.50%, Bitcoin is expected to break new highs in February

Odaily Planet Daily reports that Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that the current market conditions are favorable for Bitcoin, given that the yield on 10-year U.S. Treasury bonds is still below 4.50%. Kendrick stated that if yields remain at these levels throughout the weekend, Bitcoin could break through $102,500 and potentially reach a new historical high above $108,000 in February.

Kendrick said: "Although today's U.S. employment data details are very clear, so far, the yield on 10-year U.S. Treasury bonds has not been able to break above 4.50%, which is very constructive for digital assets. The yield isn't higher but economic conditions are still good; it's a golden period for digital asset development."