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 primary time since June 2007, the identical day Galaxy revealed a report displaying crypto-collateralized lending down greater than $22 billion from its peak. Bitcoin hit an intraday high of $64,610.01 that day. What makes the Treasury transfer uncommon is its route towards the…
