The 10-year Treasury yield cleared 5% for the first time since October 2023 and the 30-year hit 5.40% — its highest since June 2007 — as the curve steepened ahead of Wednesday's near-certain 25bps Fed hike. Bitcoin lost the 50-week EMA at $77,430 it reclaimed Monday, falling to $76,000 as 92 of the CoinDesk 100 constituents declined. Clarity Act odds halved on Polymarket to 17-18% after Democrats tabled a counterproposal hours before Tuesday's cloture vote. Strategy passed Ford by market cap with its Bitcoin position up less than 1%. The BOJ decision Friday is the one that matters most for crypto — a carry trade unwind is mechanical selling that correlation data doesn't capture.
Bitcoin Slides to $76,000 as the 50-Week EMA Reclaim Fails and Yields Hit 5.04%
Bitcoin fell 4.4% from Monday's $79,530 overnight high to $76,000 — losing the 50-week EMA at $77,430 it had just reclaimed and breaking below the $77,100 floor of the Bitfinex spot absorption zone. The 10-year reached 5.04%, the level QCP had #FedRateWatch #ZamaOpens16ConfidentialMorphoVaults #Bitcoin❗
Bitcoin Slides to $76,000 as the 50-Week EMA Reclaim Fails and Yields Hit 5.04%
Bitcoin fell 4.4% from Monday's $79,530 overnight high to $76,000 — losing the 50-week EMA at $77,430 it had just reclaimed and breaking below the $77,100 floor of the Bitfinex spot absorption zone. The 10-year reached 5.04%, the level QCP had #FedRateWatch #ZamaOpens16ConfidentialMorphoVaults #Bitcoin❗