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3.2%: The Magic Number Fueling Bitcoin and Nasdaq Surge

The ICE/BofA U.S. High Yield Index Option-Adjusted Spread (OAS) has recently fallen to 3.2% from a six-month peak of 3.4%. This decline in the OAS, which measures the yield difference between U.S. dollar-denominated high-yield corporate bonds and U.S. Treasury securities, signals a positive shift in economic sentiment and corporate credit health. As a result, this drop supports increased risk-taking in both cryptocurrency and equity markets. Bitcoin and the Nasdaq have experienced a renewed upswing due to this change. However, the OAS previously surged by 100 basis points over four weeks to mid-March, correlating with a drop in bitcoin prices to below $80K. Analysts anticipate that the OAS spread might widen in the coming weeks, reflecting potential economic challenges ahead.

Source: www.coindesk.com

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Max @maxknowledge23 · 23h
Where did $BTC get stopped in this bounce? The answer lies in the NASDAQ chart. The NASDAQ, an index composed of the top US tech companies, drives the majority of S&P 500 movements since NASDAQ companies make up a significant portion of the S&P 500. Given the current

Merlijn The Trader @MerlijnTrader · Mar 17
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CryptoCon @CryptoCon_ · Jan 15
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𝑻𝒉𝒆 𝑻𝒖𝒐𝒍𝒐𝒎𝒆𝒆 @the_tuolomee · Mar 19
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Bitcoin Mindset ($MSTR Den) @80IQmindset · Mar 5
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