The pool of government debt with negative yields pushed past the $13 trillion-level last week, after the dovish outlooks in both the US and Europe intensified concerns over the health of the economy. Around the same time, a market that is entirely independent of the impacts the central banks’ policies netted approx a 275 percent year-to-date return.<\/p>\n
Bitcoin on Wednesday settled<\/a> a fresh 2019 peak just shy of the $14,000 level, erasing about 70 percent of the total losses incurred during a very depressive 2018, wherein the price fell from $20,000 to $3,100. The digital asset market allegedly reacted to a string of events that took place on a macroeconomic scale, which include the Federal Reserve’s declaration last week to cut interest rates<\/a> in July, and the probability of the European Central Bank (ECB) to initiate a new round of quantitative easing program.<\/p>\n Bitcoin vs global aggregate negative yielding sovereign debt. Real straightforward situation. pic.twitter.com\/Obmhnkbrf7<\/a><\/p>\n — Travis Kling (@Travis_Kling) June 27, 2019<\/a><\/p><\/blockquote>\n\n