10-Year Treasury Yield Hits Highest Since 2007, Pressuring Tech and Bitcoin
- —10-year Treasury yield reached ~4.98%, the highest since 2007
- —Rising yields pressured tech and semiconductor shares
- —Bitcoin above $72,000 market still favored, but hedging increased
- —Powell and FOMC statements will shape rate expectations
Why it matters: Higher Treasury yields reinforce risk-off sentiment and weigh on crypto valuations; dovish Fed signals could ease the pressure.
Source: Crypto Briefing