Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs
Bitcoin Magazine Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs The price of bitcoin is down nearly 4% as most assets experience a selloff. This post Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs first appeared on Bitcoin Magazine and is written by Mathew
Source: Bitcoin Magazine
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DW NOTE
The 10-year Treasury is at 5.31% — up 27% year-over-year — and mortgage rates just hit a three-year high. Bitcoin fell 4% overnight and wiped $178 million in leveraged longs. The asset spent two years being pitched as a hedge against monetary chaos, then repriced like a tech stock the moment real borrowing costs returned.