Bitcoin falls below $68,000 as U.S. 10-year Treasury yield nears 1-year high of 4.5%
Bitcoin experiences a significant decline, dropping below the $68,000 mark, while the yield on the U.S. 10-year Treasury note approaches a nearly one-year high, reaching 4.5%. This shift in the cryptocurrency's value may be influenced by the rising yields in the bond market, which often draw investors away from riskier assets like Bitcoin in favor of the more stable returns offered by government bonds.
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