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Daily Market Update Sep 24: Bitcoin Slips Below $84,000 as Treasury Yields Climb to Highest Level Since 2007
Bitcoin traded near $83,900 in Thursday Asian morning hours, down more than 2% in 24 hours after touching almost $87,300. The 10-year Treasury yield closed Wednesday at 5.11%, up 15 basis points in a day. Higher yields make assets that pay no income, like bitcoin, less attractive and raise the cost of borrowing against leveraged …
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Emerging voice in crypto journalism with a background in fintech and digital economics. Covers DeFi, NFTs, and the evolving regulatory landscape.
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