It was absolute mayhem across the board today. Starting from widening of sovereign bond yields in europe, primarily italy but moving on to portugal, spain and greece. And then it was proper risk off. 10 yr US treasury yielding 2.8% and it was nearly yielding 3.1% last week. Gold was also marginally down. Safe haven waa UST today. Dollar continued its momentous upside against pound and euro. Classic risk off in markets. And then a big bounce in bitcoin and alts. This 0 correlation is what i want to see for a long time. It a very solid reason for wealth managers and asset allocators to dive into bitcoin.
Hopefully the day closes green for btc followed by a few more green days.