Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets - Cryptonews.net
Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets - Cryptonews.net
Source: Cryptonews.net
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DW NOTE
The 5% Treasury yield is doing exactly what it was designed to do: price risk into assets that have no cash flows. Bitcoin isn't being "haunted" — it's being repriced. When sovereign paper pays 5% without counterparty risk, speculative assets lose their bid. The Fed raised rates two weeks ago for the first time since 2023; this is the market working, not a haunting.