7-year Treasury yield hits 4.894% ahead of $44B auction, weighing on Bitcoin
- —7-year Treasury yield at 4.894% before $44B auction
- —Previous auction on Sept. 24 cleared at 5.085%
- —Rising yields point to tighter monetary conditions
- —Traders await auction results and Fed signals
Why it matters: Higher Treasury yields pressure risk assets, including Bitcoin, and could trigger fresh volatility in crypto markets.
Source: Crypto Briefing