✉news BusinessCrypto first seen 11 h ago, last 4 h ago, peak #15
US Treasury Buys $6 Billion in Bonds as Yields Hit 24-Year High
Original: US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields
The US Treasury purchased $6 billion of bonds as government bond yields climbed to their highest levels in 24 years, putting pressure on risk assets including Bitcoin. The move comes as elevated yields make traditional fixed-income investments more attractive relative to cryptocurrencies, and market watchers are weighing what rising borrowing costs mean for Bitcoin's near-term outlook.
Why now: Yields at 24-year highs are squeezing risk assets like Bitcoin, making the Treasury's bond purchase timely and notable for investors.
Evidence
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