Bitcoin Trades at $82,769 as 10-Year Treasury Yield Eases
Photo: TokenPost
Bitcoin (BTC) traded at $82,769 ahead of Monday’s U.S. stock market open as the 10-year Treasury yield retreated from a recent high and stock futures rose. The 10-year yield stood at 5.08%, down from a recent peak of 5.3%. S&P 500 futures gained 0.47% after the index fell 1.09% Friday. Brent crude rose to $108 a barrel. The yield decline comes after higher Treasury yields and rising equity prices narrowed stocks’ cushion over bonds . Bond yields also matter to companies financing artificial intelligence development: higher rates increase the cost of borrowing for that investment.
Source: TokenPost
