Bitcoin (BTC) Price: Rising Treasury Yields Raise Fed Rate Hike Concerns

TLDR Crypto market cap sits near $2.17 trillion as capital keeps draining from the space. Analyst Benjamin Cowen expects the U.S. 10-year Treasury yield to reclaim the 5% mark. The 30-year Treasury yield hit 5.28% on July 31, its highest level since 2007. U.S. crypto funds saw sharp outflows Friday, with BTC losing $265.37 million. [...]

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