Why yields are rising matters more for bitcoin than how high they go. Bitcoin could benefit if yields rise because of fiscal fears, as investors may seek alternatives to government debt, but it could suffer if renewed Federal Reserve tightening drives the increase. Some analysts expect the 10-year Treasury yield to reach 6%, driven largely by concerns about federal deficits, debt growth and competition for capital. Since the end of 2023, the 10-year yield has risen to 5.23% while bitcoin has ro…
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