The yield on the U.S. Treasury’s 7-year note reached 4.894% ahead of a significant $44 billion auction. The previous auction recorded a high yield of 5.085% on September 24, highlighting fluctuating demand for medium-term U.S. government debt. Rising yields point to a potential tightening in financial and monetary conditions that could weigh on cryptocurrency market sentiment. Investors are monitoring the auction outcome and Federal Reserve statements, as further yield increases could increase Bitcoin volatility and trigger a price decline.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
