Bitcoin Slumps on Rising US Treasury Bill Yields

Bitcoin's price has been negatively affected by US Treasury bill yields, also known as Zinsen. According to recent data, the yield on 2-year Treasury bills in the United States has risen to around 4.5%. This increase is putting downward pressure on Bitcoin's value, causing it to drop in value.

The rise in interest rates makes holding cash and short-term bonds more attractive to investors, which can lead to a decrease in demand for riskier assets like cryptocurrencies. As a result, Bitcoin's price has fallen by around 2% over the past week.