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Bitcoin Slumps as US Debt Hits $40T, Yields Surge to 2007 Highs

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • US debt interest costs surpass defense spending, hitting $1.17T.
  • Rising bond yields (30-year at 5.24%) draw investors from riskier assets like Bitcoin, which trades near $63,502, down 49% from its October peak, failing to act as a debt hedge.
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BTCUSD price history

78188.29 +18.68% over the displayed period

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