📉 Markets Under Pressure
Bitcoin dropped sharply on Friday as bond yields surged, with traders betting that the Fed may need to raise interest rates again amid rising inflation. Crypto-linked stocks like Coinbase, Circle, and Strategy fell between 5% and 10%.
Over $360 million in leveraged long positions were liquidated within 24 hours — the largest wipeout since late March. Bitcoin open interest in futures dropped from above $27 billion to roughly $25.5 billion.
#Bitcoin #BTC #CryptoMarkets #BondYields #Liquidation #Fed
Bitcoin dropped sharply on Friday as bond yields surged, with traders betting that the Fed may need to raise interest rates again amid rising inflation. Crypto-linked stocks like Coinbase, Circle, and Strategy fell between 5% and 10%.
Over $360 million in leveraged long positions were liquidated within 24 hours — the largest wipeout since late March. Bitcoin open interest in futures dropped from above $27 billion to roughly $25.5 billion.
#Bitcoin #BTC #CryptoMarkets #BondYields #Liquidation #Fed