Bitcoin Price Risks 30% Dip as US 30 Year Bond Yield Hits 25 Year High The recent surge in long term US borrowing costs has sent shockwaves through financial markets, and Bitcoin is no exception.
The US Treasury's sale of $25 billion in 30 year bonds at a yield of 5. 216% on August 13 marked its highest borrowing cost for that tenor since 2001.
This development has led to a fresh macro warning for the cryptocurrency, with some analysts predicting a potential 28 30% dip in price.