✉news BusinessCrypto first seen 3 h ago, last 1 h ago, peak #15
Treasury Buys $6 Billion in Bonds as Yields Hit 24-Year Highs
Original: US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields
The US Treasury purchased $6 billion of bonds as government yields reach their highest levels in 24 years, a pressure point for Bitcoin, which is struggling to hold ground against rising returns on safer assets. Markets are watching whether elevated yields will keep drawing capital away from risk assets like cryptocurrency.
Why now: Record-high Treasury yields are intensifying debate over whether Bitcoin can compete with risk-free returns.
Evidence
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