Treasury yields at 5% threaten extending Bitcoin’s best quarter since 2017
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US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
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Bitcoin Hovers at $84K as Treasury Yields Hold Near Multi-Year Highs
Analysts point to crude prices capping non-yielding assets, while spot ETFs have taken money in for eight sessions running.