US Treasury yields just hit a new 12-month high, with the 10-year at 4.55% and the 30-year at 5.12%, the highest since 2007. CME is already pricing in a 44% chance of a rate hike in December. At the beginning of the year, everyone was waiting for rate cuts; now we're discussing rate hikes. The shift in sentiment happened so quickly! When risk-free returns are at 5%, who wants to hold assets with 40% volatility? This is the real nemesis of $BTC
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