The US 10-year Treasury yield has reached 5.2% during trading, raising questions about whether crypto can hold its recent gains while another Federal Reserve rate hike remains possible and a major US digital asset bill is stalled.
Summary
- The 10-year Treasury yield reached 5.2% during trading on Sept. 24 as oil prices rose and Fed officials kept another rate hike in view.
- Bitcoin traded near $84,000 after retreating from $87,000, while recent ETF inflows showed that demand had continued despite higher yields.
- The Senate has yet to advance the CLARITY Act, leaving crypto firms waiting for legislation as the SEC and CFTC pursue separate rules.
The US Treasury recorded…
