Crypto
Bitcoin Defies US Stock Market Downturn as Bond Yields Reach New Highs
The US stock market experienced a red day as bond yields broke out to new highs. In contrast, Bitcoin held firm and even defended its key $83K level.
According to data from Oracle Tokenized Stock (Reality), Strategy purchased 1,665 BTC for $142.7 million, bringing their total holdings to 847,666 BTC. They also repurchased $151.7 million of STRC shares.
In other news, Chainlink launched CCIP 2.0, adding custom security checks and compliance controls for cross-chain assets. Bybit and Franklin Templeton partnered to allow institutions to use tokenized fund shares as trading collateral.