Bloomberg Analyst: 30-Year U.S. Treasury Yield Surpasses 5%, May Signal Resistance for Highly Speculative Cryptocurrencies
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Bloomberg Senior Analyst Mike McGlone stated on social media that the 30-year U.S. Treasury yield surpassing 5% may indicate that investors are selling off U.S. assets. This trend could pose resistance to stocks and highly speculative cryptocurrencies, while being favorable for gold.
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