10-Year Treasury Yield Hits 5.2% as Bitcoin Holds Near $84,000
- —The 10-year Treasury yield reached 5.2%, while the 30-year closed at 5.47%, the highest since 2004
- —Bitcoin traded near $84,000 after pulling back from the $87,000 area
- —Wallets holding 100 to 1,000 BTC accumulated 113,950 BTC between July 15 and Sept. 24
- —The Senate failed to advance the CLARITY Act, with 49 votes for and 50 against, short of the 60 needed
Why it matters: Rising Treasury yields and the prospect of another Fed rate hike are pressuring crypto, while the stalled CLARITY Act leaves US market structure rules unresolved.
Source: crypto.news