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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

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.

U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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.