NFT News Today Official TheBitTimes.com

Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins. United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.” Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market. Daily cryptocurrency market performance. Source: Coin360 It also looks like the institutional investors have started to warm up ...

On social platforms like Twitter, there is a fair amount of chatter related to Polkadot going on. In fact, according to LunarCrush’s data, DOT-related social engagements have risen by 30.7% over the past week. At press time, it was the talk of the crypto town for scripting a new bearish record. With three more days left in 2022, Polkadot has stooped down to a new yearly low. As illustrated on the 4H chart, the price of the asset noted a free fall to $4.26 a couple of hours back. The tale was slightly different for DOT until a few days back. In mid-December, the price of the asset created a lower low. That was accompanied by a higher low scripted by the RSI, which flashed a bullish divergence. Right after the divergence materialized, a long green candle was registered by Polkadot . After a brief consolidation that followed, DOT rallied up to the brink of $4.6, before getting rejected and initiating a downtrend. Source: TradingView When zoomed out further, it can be see...