According to Foresight News, data from SoSo Value indicates that the US 10-year Treasury yield and Bitcoin price have shown a significant negative correlation of -90.61% over the past six months. Yesterday, the US 10-year Treasury yield surged to 4.3, causing adjustments in the US stock market and a drop of over 5% in Bitcoin price within 24 hours.
In addition, US meme stocks continue to experience a substantial pullback, with the cryptocurrency meme sector declining by more than 12% in 24 hours, leading the decline among all crypto sectors. Meanwhile, the SocialFi sector's 24-hour drop was only 4.58%.