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Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind

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The US 30-year Treasury yield crossed 5.3% on Aug. 17 for the first time since June 2007, the same day Galaxy published a report showing crypto-collateralized lending down more than $22 billion from its peak. Bitcoin hit an intraday high of…

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Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind
CryptoSlate Press Releases 1h ago

Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind

The US 30-year Treasury yield crossed 5.3% on Aug. 17 for the first time since June 2007, the same day Galaxy published a report showing crypto-collateralized lending down more than $22 billion from its peak. Bitcoin hit an intraday high of…