🚨 U.S. 10-YEAR YIELD BREAKS ABOVE 5%!
The 10-year Treasury yield just crossed 5%, reaching its highest level since 2007 on a closing-basis comparison.
Why should crypto investors care? šŸ‘‡
šŸ’° Higher Treasury yields make bonds more attractive
šŸ“‰ Stocks and crypto can face more selling pressure
šŸ¦ Borrowing costs rise across the economy
šŸ”„ Inflation concerns could keep the Fed tighter for longer
If the 10-year stays above 5%, risk assets could face serious pressure.
āš ļø This is a BEARISH signal for $BTC and stocks in the short term.
Will Bitcoin hold up if yields stay above 5%?
#bitcoin #crypto #Treasury