'Paid to wait': Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time on record

'Paid to wait': Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time…

Bitcoin held $65k as softer U.S. inflation and GDP data reduced rate-hike odds, offsetting Fed hawkishness. Treasuries out-yielding carry-trade basis for the second time on record signal institutional arbitrage desks exiting as cheap-money leverage collapsed.