Bitcoin $BTC Drops Below $83K As 30-Year Treasury Yield Hits 2002 High
US Treasury yields are putting fresh pressure on risk assets.
The 30-year yield just climbed to its highest level since 2002, while Bitcoin has fallen below $83,000.
Higher long-term yields make it harder for speculative assets to attract capital, especially with oil also pushing higher.
Macro is becoming a much bigger factor for #BTC right now.
US Treasury yields are putting fresh pressure on risk assets.
The 30-year yield just climbed to its highest level since 2002, while Bitcoin has fallen below $83,000.
Higher long-term yields make it harder for speculative assets to attract capital, especially with oil also pushing higher.
Macro is becoming a much bigger factor for #BTC right now.
