Macro pressures crypto: 10-year US yield above 5%, bitcoin at $70K
- —2-year US Treasury yield rose to 4.734%, a 26-month high
- —10-year yield broke above 5%, analysts don't rule out 6% next year
- —Dollar index exceeded 100 for the first time in over four weeks
- —Bitcoin open interest rose by about 10K after the FOMC meeting
Why it matters: Rising yields and a stronger dollar tighten liquidity: a break below the $70K short-term holder base could intensify liquidations and seller pressure.
Source: AMBCrypto