is still over $10k below its all-time highs reached earlier this year. The king crypto is struggling to hit even the $65k mark, and so far? It’s failing.
Historically, when the high yield rate drops, it often correlates with a rise in Bitcoin prices, as lower yields make alternative investments like Bitcoin more attractive.All in all, the U.S. economy means a lot to Bitcoin investors. The U.S. Treasury Department’s recent auction of 30-year bonds saw strong demand, leading to downward pressure on yields.
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