High yields and oil prices weigh on crypto, but bitcoin's bull case holds
- —Bitcoin fell about 3% on the week to $82,300, ether dropped 6% to $2,500
- —US 10-year Treasury yield hit 5.3%, 30-year reached 5.7%
- —Oil topped $100 a barrel again as Iran-related insurance costs rose
- —Robinhood added $25 million in bitcoin to its balance sheet for the first time
Why it matters: High yields pressure risk assets, but mounting US debt could accelerate capital flows into bitcoin as a hedge.
Source: TokenPost