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10-Year Treasury Yield Hits 5% Squeezing Bitcoin and Tech Valuations

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The Story

News Summary

  • The 10-year Treasury yield crossed 5%, matching a three-year high and raising borrowing costs across the economy.
  • Elevated risk-free yields create an opportunity-cost hurdle for non-yielding assets like Bitcoin and threaten equity valuations ahead of a crucial Federal Reserve interest rate decision.
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75666.24 +15.10% over the displayed period

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