Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind

The US 30-year Treasury yield crossed 5.3% on Aug. 17 for the first time since June 2007, the same day Galaxy published a report showing crypto-collateralized lending down more than $22 billion from its peak. Bitcoin hit an intraday high of $64,610.01 that day. What makes the Treasury move unusual is its direction against the […] The post Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind appeared first on CryptoSlate.