Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10-year Treasury yield climbed to 5.22%, extending a move that has taken borrowing costs to their highest level since 2007. The 30-year yield reached a fresh 22-year high of 5.5185% before trading around 5.511%, up […] The post Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage appeared first on CryptoSlate.
Key Takeaways
- Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels.
- The benchmark 10-year Treasury yield climbed to 5.22%, extending a move that has taken borrowing costs to their highest level since 2007.
- The 30-year yield reached a fresh 22-year high of 5.5185% before trading around 5.511%, up […] The post Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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