EconomyBitcoin survived 5% yields, but crypto’s cheap-money era did not
The U.S. 10-year Treasury yield reached 5.34%, its highest level since 2002, yet Bitcoin rose about 43% and Ethereum about 71% in the third quarter. Spot Bitcoin and Ethereum ETFs attracted roughly $6.3 billion and $3 billion, respectively, while higher yields raised financing costs for leverage, crypto treasury firms and DeFi borrowing.
Bitcoin survived 5% yields, but crypto’s cheap-money era did not
Economy