Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is trading near $84,000 despite a significant rise in US Treasury yields to their highest level since 2007. The 10-year Treasury yield reached 5.22%, while the 30-year yield hit a 22-year high of 5.5185%. Traders have reduced leverage by $1.7 billion in response to these market conditions. For more details, see the original report on CryptoSlate.
Bitcoin is trading near $84,000 despite a significant rise in US Treasury yields to their highest level since 2007. The 10-year Treasury yield reached 5.22%, while the 30-year yield hit a 22-year high of 5.5185%. Traders have reduced leverage by $1.7 billion in response to these market conditions. For more details, see the original report on CryptoSlate.
Sources
- CryptoSlate — Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
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