Bitcoin Steadies Near $64K as Treasury Yields and Oil Prices Surge

·1 views

Bitcoin is holding its position around $64,000 despite growing pressure on risk assets across global markets. The 30-year US Treasury yield climbed to its highest level since 2007, signaling tightening financial conditions. Brent crude oil also surged past $91 per barrel, driven in part by escalating tensions between the US and Iran. The combination of rising yields and higher oil prices has weighed on equities and dampened investor appetite for riskier assets. For now, Bitcoin appears to be maintaining its trading range despite the broader market stress.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin Bulls Face Liquidation Risk as Leverage Builds and Liquidity Thins

Bitcoin long positions are accumulating as bullish traders increase leveraged bets on price gains. At the same time, market liquidity is thinning, raising the risk of sharp price swings. A specific price level has been identified where a downturn could trigger a cascade of forced liquidations. Such liquidation events can amplify losses as automated systems close positions rapidly. The combination of high leverage and low liquidity makes the market particularly vulnerable to sudden corrections.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Jeonbuk Bank adopts Ripple Payments for cross-border transfers as XRP dips below $1

South Korea's Jeonbuk Bank has announced it will integrate Ripple's cross-border payment service to facilitate business remittances. The bank will leverage Ripple's round-the-clock international transfer infrastructure for its clients. Despite the partnership news, XRP's price slipped below the $1 mark. It remains unclear whether the transactions will be settled using XRP or Ripple's RLUSD stablecoin.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Monad offered early investors $60M buyout ahead of token unlocks; nearly all declined

Ethereum rival Monad offered its early investors up to $60 million to liquidate their positions ahead of scheduled token unlocks. The buyout program was launched approximately three months before those investor unlock periods were set to begin. Despite the offer, nearly all early investors chose to decline the cash-out opportunity. The decision came as Monad's MON token was trading below its public-sale price, with the majority of the token supply still not in open circulation.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Tops $64,000 as Crypto Miners Shift Computing Power to AI

Bitcoin rose above $64,000 while most major cryptocurrencies declined. Crypto miners have reduced their computing power by approximately 20% over three quarters, reallocating resources toward artificial intelligence workloads. This shift reflects a broader industry trend of repurposing mining infrastructure for AI applications. Meanwhile, Venice's token surged 10% after the company announced it had surpassed $100 million in annualised revenue.

0 comments Read more at CoinDesk