US Treasury Yields at 2007 Highs Pressure Crypto as BTC, ETH, XRP Slide
- —Bitcoin fell about 3% to $83,942 as total market cap slid to $2.92 trillion
- —24-hour liquidations hit $617 million, including $546 million in longs
- —US spot Bitcoin ETFs drew $346.9 million and Ethereum ETFs $104.5 million on September 23
- —The 10-year Treasury yield rose above 5.1%, the highest since 2007
Why it matters: Rising Treasury yields pressure risk assets, though continued ETF inflows are offsetting the selloff for now.
Source: The Crypto Times
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