US 10-year Treasury yield tops 5%, pressuring bitcoin and stocks
- —US 10-year Treasury yield exceeds 5% for the first time in three years
- —Bitcoin trades around $77,800, reacting weakly to the yield rise
- —High Treasury yields raise corporate borrowing costs
- —The market prices a high probability of a Fed rate hike this week
Why it matters: Rising Treasury yields intensify competition for capital and weigh on bitcoin; the Fed's decision will determine whether the pressure eases or intensifies.
Source: BeInCrypto KR