Treasury yields at 5% threaten to derail Bitcoin's best quarter since 2017
- —Weak US jobs data narrowed odds of an October Fed rate hike
- —US Treasury yields hit 5%, pressuring Bitcoin's rally
- —Bitcoin is on track for its best quarter since 2017 on the debasement trade
Why it matters: A further climb in Treasury yields could weigh on Bitcoin and cut short its best quarter since 2017.
Source: Cointelegraph