US 10-Year Yield Surges: Implications for Crypto Market

Investors are watching closely as the US 10-year Treasury yield surges to its highest level since February, reaching a new peak of 4.439%. This unexpected rise has significant implications for the crypto market, which is already facing heightened volatility. The higher yields reflect a growing ‘risk-off’ sentiment among investors, who are shifting their money towards safer investments like US Treasury bonds. As a result, there may be capital outflow from the crypto sphere and into more traditional assets.