✉news BusinessCrypto first seen 7 h ago, last 6 h ago, peak #22
Bitcoin bounces to $84K as bond yields hit 24-year high
Original: Bitcoin bounces to $84K after US 30-year bond yield sets 24-year high
Bitcoin climbed back to $84,000 after the US 30-year Treasury bond yield reached its highest level in 24 years. The rebound came as traders weighed the implications of surging long-term borrowing costs for risk assets, with some viewing bitcoin as a hedge against fiscal and inflationary pressure while others remain cautious about tightening financial conditions.
Why now: The unusual combination of a bond-market rout and a crypto rally has sparked debate about bitcoin's role as a hedge
BitcoinUS TreasuryFederal Reserve
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