Bitcoin falls below $68,000 as the 10-year U.S. Treasury yield approaches 4.5%
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The price of Bitcoin has fallen below $68,000, while the 10-year US Treasury yield is nearing a one-year high of 4.5%. Data shows that approximately $50 million in long positions were liquidated within one hour, with Bitcoin accounting for the majority. The rise in Treasury yields and the strengthening US dollar are putting pressure on risk assets, including cryptocurrencies and related stocks.
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