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Bitcoin Drops Below $84,000 as 10-Year Treasury Yield Reaches 19-Year High
(42 days ago) · 1 source · Summarized by CryptoBipto
Bitcoin fell below $84,000 as the 10-year U.S. Treasury yield climbed to its highest level in 19 years. The rise in yields has put pressure on risk assets, including cryptocurrencies, as investors weigh the attractiveness of higher guaranteed returns from government bonds.
WHY IT MATTERS
Think of Treasury bonds as a savings account offered by the U.S. government — they pay you interest and are considered very safe.
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SOURCES
- cointelegraph.com
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