Bitcoin Price Slumps as Treasury Yields Reach Multiyear High
The Bitcoin price fell by 2.8% to $83,443 on Thursday as Treasury yields and the dollar rose higher.
The 30-year U.S. Treasury yield hit its highest level since 2004 at 5.444%, while the 10-year U.S. Treasury yield reached a 15-year high of 5.148%.
In contrast, U.S. spot Bitcoin and Ether ETFs attracted a combined $452 million on September 23, despite the falling price of Bitcoin.