Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn't panic
Why yields are rising matters more for bitcoin than how high they go.
Source: CoinDesk
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DW NOTE
The 10-year yield is at 5.17% and climbing because bond buyers are demanding more compensation for holding U.S. debt — not because the Fed is tightening aggressively or the economy is overheating. That's a structural repricing of sovereign risk, and it makes the case for assets the Treasury can't dilute.