🚨 ALERT: US 10Y Yield Hits 5.34% — Highest Since 2002!
The US 10-year Treasury yield just spiked to 5.342%, surpassing its 2007 peak and hitting its highest since early 2002.
Why should crypto care? When yields rip, risk assets bleed. High yield = expensive money = $BTC , $ETH , $SOL under pressure. Last time yields were this high, Nasdaq dumped 10% in weeks.
My view: If US10Y holds above 5.30%, $BTC retests 65k. If it cools below 5.20%, crypto relief rally incoming.