The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time.
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The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time.
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In the latest Cointelegraph Report, we assed the risk of a possible default in the U.S. and the impact of the debt ceiling crisis on crypto and the broader markets.
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Professional Bitcoin traders displayed strength after the BTC price corrected to $25,830, favoring further bullish momentum.
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The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse.
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