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High Treasury Yields Dampen Bitcoin Demand as Cash Yields Lure Capital

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The Story

News Summary

  • High Treasury yields topping 5% are attracting capital into risk-free cash and corporate bonds, putting pressure on non-yielding assets like Bitcoin.
  • While stocks remain resilient, Bitcoin struggles to draw inflows from the $9 trillion parked in money market funds, awaiting catalysts like the upcoming FOMC minutes.
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BTCUSD price history

78385.00 +18.98% over the displayed period

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