Kryptanium CIO Daniel Yan stated that the US dollar index, the 10-year US Treasury yield, and Brent crude oil have all dropped significantly since May 24. All three should point to higher prices for risk assets, which means that the price of Bitcoin should rise. However, Bitcoin has not risen during this period due to the excessive increase from October 23 to March 24, as well as the distribution of Mt. Gox, the selling by the US/German governments, and Jump Trading. Therefore, Yan believes that Bitcoin will catch up soon, and if 61 thousand can break through steadily, we will soon see 64-65 thousand.

<div> Kryptanium CIO Daniel Yan stated that the US dollar index, the 10-year US Treasury yield, and Brent crude oil have all dropped significantly since May 24. All three should point to higher prices for risk assets, which means that the price of Bitcoin should rise. However, Bitcoin has not risen during this period due to the excessive rise from October 23 to March 24, as well as the distribution of Mt. Gox, the selling by the US/German governments, and Jump Trading. Therefore, Yan believes that Bitcoin will catch up, and if 61 thousand can break through steadily, we will soon see 64-65 thousand. <br/><br/></div>

Daniel Yan: Bitcoin Price Will Catch Up