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Surging bond yields weigh on Bitcoin as US 10-year nears 5%

  • Global bond yields have surged as US and UK rates move higher.
  • Bitcoin fell to $76,500 amid the rise in bond yields.
  • The US 10-year yield neared 5%, while the UK 10-year yield approached 6%.

Global bond yields have surged, with the US 10-year yield nearing 5% and the UK 10-year yield heading toward 6%. The increase has been described as a sign of economic stress and has weighed on Bitcoin, pushing its price down to $76,500. Bitcoin is currently bouncing.

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