The 10-year US Treasury yield has reached 5.3%, a 24-year high. This rise in Treasury yields creates increased competition for bitcoin and risk assets. Investors now demand higher returns to compensate for the additional risk associated with cryptocurrencies. This situation makes it more difficult to attract capital to bitcoin compared to safer investments.
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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
