Let the data speak: $BTC is down 0.6% intraday.
Now the news: The U.S. Treasury has given no indication that it will reduce long-term Treasury issuance, and Treasury yields are rising.
When yields move, risk assets inevitably fluctuate too—the direction depends on whether yields rise or fall. Trading volume hasn't picked up noticeably, so even good news remains just talk.
Now the news: The U.S. Treasury has given no indication that it will reduce long-term Treasury issuance, and Treasury yields are rising.
When yields move, risk assets inevitably fluctuate too—the direction depends on whether yields rise or fall. Trading volume hasn't picked up noticeably, so even good news remains just talk.