"US’s recession odds are high, which is good news for the crypto market."

A looming US recession is prompting investors to seek refuge in alternative assets, such as cryptocurrencies, potentially leading to increased adoption.

Cryptocurrency Adoption in Uncertain Times:

Crypto Bills Gain Traction: The prolonged approval process for crypto-related bills by the US Securities and Exchange Commission (SEC) may see progress during the economic downturn.

 Recent weeks have witnessed a sharp increase in the yield of the US 10-year bond, a sign of broader rising interest rates.

Rising Interest Rates:

Since June, yields up by 1%, increasing corporate borrowing costs, raising household car loan rates, and affecting deposit fluctuations as investors turn to money market accounts for safety.

Economic Impact:

Notably, 30-year mortgage rates are approaching 8%, adding strain to an already costly housing market.

Housing Market Strain:

A looming US recession is prompting investors to seek refuge in alternative assets, such as cryptocurrencies, potentially leading to increased adoption.

Cryptocurrency Adoption in Uncertain Times:

Cryptocurrency Adoption in Uncertain Times:

Yield surge due to the Fed's expected higher rates and Treasury bond supply to absorb budget deficits.

Yield Surge Drivers:

Yield Surge Drivers:

Elevated oil prices, driven by demand and production cuts, pose a risk of broader inflation across various sectors.

Inflation Risks:

Concerns over rate mismatches in banks, financial sector refinancing, and credit disruptions amid the real economy's adjustment to higher rates.

Financial Stability Concerns: