30-Year Treasury Yield Hits 23-Year High, but Bitcoin Holds Above 50-Week Average
- —30-year Treasury yield rose to 5.4%, the highest in 23 years
- —10-year yield touched 5% for the first time since 2007
- —US PMI came in at 57 versus 53.7 expected, with odds of an October 28 Fed hike at 73.1%
- —Bitcoin held above its 50-week moving average near $78,800
Why it matters: Rising bond yields typically pressure risk assets, but Bitcoin holding its 50-week average may signal the bullish trend remains intact.
Source: Coinpedia