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 $64,610.01 that day. What makes the Treasury move unusual is its direction…
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