Bitcoin bull case grows as U.S. bond market volatility sinks to lowest since 2021

Group 1 - Bitcoin (BTC) has experienced a 10% rally since the beginning of the year, with analysts predicting it could reach six figures for the first time since mid-November [1] - The U.S. Treasury market is characterized by outstanding credit quality and a very low risk of default, serving as collateral in various financial transactions [2] - When Treasury prices are volatile, it constrains credit and discourages risk-taking, while stable bond prices encourage investment in riskier assets like cryptocurrencies [3] Group 2 - The ICE BofA MOVE index, which measures expected volatility in Treasury bonds, has fallen to 58, the lowest level since October 2021, indicating a favorable environment for Bitcoin and tech stocks [4] - Historically, Bitcoin has shown a tendency to move in line with the Nasdaq 100 index and inversely to the MOVE index, a trend that persisted through Bitcoin's 2022 crash and the subsequent bull run in 2023 [5] - The decline in bond market volatility is one of several factors supporting a bullish outlook for Bitcoin, alongside new ETF inflows [6]