✉news BusinessCrypto first seen 8 h ago, last 1 h ago, peak #12
Analysts see 10-year Treasury yield hitting 6%, but bitcoin bulls urged not to panic
Original: Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn't panic
Market analysts are projecting that the 10-year US Treasury yield could climb to 6%, a level that would mark a significant rise in borrowing costs and pressure risk assets. Writing in CoinDesk, commentators argue bitcoin holders should not panic despite the potential headwind, suggesting the cryptocurrency can weather higher yields better than feared.
Why now: Rising Treasury yields are a major macro concern for risk assets like bitcoin, so a 6% call sparks debate among crypto investors.
Bitcoin10-year US TreasuryCoinDesk
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