Just noticed the US 30 year bond yield has been climbing pretty hard lately. When Treasury yields spike like this, it usually puts pressure on risk assets including Bitcoin. The correlation between long-term bond yields and crypto has gotten tighter over the past few years, so traders are probably watching this closely. If the 30 year bond yield keeps moving up, could see some downside pressure on BTC in the near term. Worth keeping an eye on how this plays out over the next few weeks.

BTC0.01%
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