The 30-year US Treasury yield surged to 5.69% overnight, its highest since 2002—the first liquidity-driven blow to crypto. $BTC briefly fell below $85,000 in the early hours and is now trading at $85,966, down 0.54% over 24 hours.
The same asset manager announced that night it had added $169 million worth of Bitcoin, its biggest purchase in four months. Meanwhile, the CFTC put two formal rules, CTX/CAM, on the table, aiming to end the old approach of regulation “by enforcement alone.”
Fresh highs for US Treasuries + continued Bitcoin accumulation by major institutions + regulators formally weighing in: three forces collided on the same night. The brief dip below $85,000 may only be the beginning; whether there’s a real breakdown depends on whether US Treasury yields keep setting new highs.
#美债收益率新高 #CFTC新规落地 #MorningBrief
The same asset manager announced that night it had added $169 million worth of Bitcoin, its biggest purchase in four months. Meanwhile, the CFTC put two formal rules, CTX/CAM, on the table, aiming to end the old approach of regulation “by enforcement alone.”
Fresh highs for US Treasuries + continued Bitcoin accumulation by major institutions + regulators formally weighing in: three forces collided on the same night. The brief dip below $85,000 may only be the beginning; whether there’s a real breakdown depends on whether US Treasury yields keep setting new highs.
#美债收益率新高 #CFTC新规落地 #MorningBrief
