While Bitcoin was reaching its all-time high, everything retracted in an hour as it started to rise to $ETH . SO WHAT HAPPENED!
On the US side, there was a 20-year bond auction as usual. The problem is that the demand was very weak.
This led to a surge in Treasury Bond Yields.
Today, a 20-year bond auction worth 16 billion dollars was held in the US.
This situation generally does not affect the market. However, low demand decreased the price.
When bond prices fall, the interest yield increases.
High interest yields mean a decline for risky assets like stocks and crypto.
The market, which fell due to an impact, naturally created a shock effect, but later we experienced a significant recovery.
Despite the US stock market falling by 100 points, crypto is bouncing back as it is. Yes, altcoins are still at low levels, but I am hopeful about this market.
