Rising U.S. Treasury yields this week have sent shockwaves through financial markets, with implications spanning stocks and even the crypto world. As Bitcoin takes a significant hit, a $120 million liquidation storm is triggered, raising questions about the relationship between Treasury yields and the crypto market... In this exclusive Alpha article, we dive deep into the factors driving these market changes and unveil insights that could shape the future of both traditional and digital investments.
U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns
The flagship crypto dropped below $26,000 as U.S. Treasury yields rose.
3 min read
Updated: May. 25, 2023 at 4:22 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.