Bitcoin survived 5% yields but crypto’s cheap-money era did not
The US 10-year Treasury yield touched 5.34% on Oct. 1, its highest since 2002, capping a third quarter in which it climbed almost 90 basis points, the largest quarterly rise this century. Bitcoin gained about 43% over the same three months and Ethereum about 71%. Bitcoin trades in the mid-$80,000s, and the clearest evidence of […] The post Bitcoin survived 5% yields but crypto’s cheap-money era did not appeared first on CryptoSlate.
Key Takeaways
- The US 10-year Treasury yield touched 5.34% on Oct.
- 1, its highest since 2002, capping a third quarter in which it climbed almost 90 basis points, the largest quarterly rise this century.
- Bitcoin gained about 43% over the same three months and Ethereum about 71%.
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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