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U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns

Rising U.S. Treasury yields this week have despatched shockwaves by way of monetary markets, with implications spanning shares and even the crypto world. As Bitcoin takes a big hit, a $120 million liquidation storm is triggered, elevating questions concerning the relationship between Treasury yields and the crypto market… In this unique Alpha article, we dive deep into the components driving these market modifications and unveil insights that would form the way forward for each conventional and digital investments.

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