EconomyBitcoin weathers 5.2% Treasury shock as traders cut $1.7 billion in leverage
Bitcoin is holding near $84,000 despite a historic selloff in U.S. Treasurys that pushed the 10-year yield to 5.22% and the 30-year yield to a fresh 22-year high. Higher risk-free returns and financing costs are raising pressure on Bitcoin and other risk assets, but crypto has so far absorbed the bond rout relatively calmly.
Bitcoin weathers 5.2% Treasury shock as traders cut $1.7 billion in leverage
Economy