The 10-year U.S. Treasury yield rises to 5.04%, the highest level since July 2007; the 30-year mortgage rate is pushed up to 7.17% as well. When the risk-free rate moves to this level, the pressure is across the board—mortgage lending, corporate financing, and stock valuations, especially for growth assets supported by cash flows far in the future.
Crypto is no exception to this trend: as real rates strengthen and the appeal of the U.S. dollar and cash increases, high-beta BTC often faces pressure first.
But a surge in yields is often also the time when hawkish sentiment is at its fullest. Macro pricing does not constitute investment advice.
Crypto is no exception to this trend: as real rates strengthen and the appeal of the U.S. dollar and cash increases, high-beta BTC often faces pressure first.
But a surge in yields is often also the time when hawkish sentiment is at its fullest. Macro pricing does not constitute investment advice.
