Bitcoin Shrugs Off CLARITY Gains as Institutions Sell Amid Surging Treasury Yields
Analysts point to profit-taking, not panic, with ETF outflows at their worst pace since February as 10-year Treasury yield soars....
Key takeaways
- 1Bitcoin declined 1.06% to $78,964 amid institutional ETF outflows at worst pace since February.
- 2Rising 10-year Treasury yields triggered profit-taking rather than panic selling among crypto investors.
- 3Most major altcoins fell 1-9%, with Ethereum down 1.43% and Solana declining 1.79%.
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Why it matters
Rising U.S. Treasury yields make traditional fixed-income assets more attractive, pressuring institutional crypto allocations and signaling potential headwinds for Indian retail investors tracking global market sentiment and capital flows into digital assets.
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