Yields on long-term US government debt fell to their lowest levels in six months as investors reacted to concerns over the global trade war and weakening USD.
A higher risk of economic recession may seem negative for Bitcoin, but lower returns from fixed-income investments could encourage allocations to alternative assets.
The US import tariffs negatively impact corporate profitability, reducing market liquidity and possibly paving the way for inflationary pressure.
The weakening of the US dollar and potential movement away from it strengthens Bitcoin's long-term upside potential.