CoinShares: Long-term U.S. Treasury yields have climbed to their highest level in more than two decades; the bond market may have a greater impact on Bitcoin than the Fed.
What I care about most is liquidity: after news breaks, it takes time for money to reprice, and the initial move may not reflect what happens next.
It can be seen as positive, but the market needs to show it—one news story alone isn’t enough.
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