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.
More in DeFi
Sequans Sells Final 314 BTC to Clear Corporate Debt
Sequans Communications sold its remaining 314 bitcoin, fully unwinding its crypto treasury program. The company is redirecting its strategic focus to scaling its core cellular IoT and software-defined radio semiconductor operations. Debt Elimination and…
Streamflow Burns 70% Of STREAM Supply In 699.99M Token Cut
TL;DR The Streamflow Foundation has burned 699.99 million STREAM tokens in a single onchain transaction. Total supply fell from roughly 1 billion STREAM to 300 million. The foundation says its product operations, vesting schedules, staking and airdrop…
Japan's 30-Year Bond Yield Hits Record 4.2%: What Does It Mean for Bitcoin?
Japan's 30-year bond yield hit a record 4.2%. See what is driving it and why the yen carry trade matters for Bitcoin. The post Japan's 30-Year Bond Yield Hits Record 4.2%: What Does It Mean for Bitcoin? appeared first on BeInCrypto.