Live updates: Bitcoin remains above $64,000 as oil rises and the Kospi tumbles 6%
U.S. Treasury yields retreat from the highest levels in decades, while bitcoin holds above $64,000.
Source: CoinDesk
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DW NOTE
The Kospi fell 6% while Bitcoin held $64,000 and oil rose — three assets with nothing in common except the calendar. The clustering is noise. What matters: the 10-year Treasury yield stands at 4.72%, up 3.74% over the past month, while the Strait of Hormuz enters its 174th day of closure and global oil supply is set to decline 4.3 mb/d this year. Bitcoin's stability amid rising yields and energy shocks says more about capital flight than crypto fundamentals.