Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5%
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A recent auction of 30-year Treasury bonds, sold at a yield of 5.06%, has brought rising long-term US borrowing costs back into focus.
Specifically, it has revived concern among certain market observers about how tighter monetary conditions could impact Bitcoin ($BTC) and other risky assets, just as investors are getting ready for the Fed’s next policy meeting.
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