Treasury Yields at 5% Threaten to Halt Bitcoin’s Best Quarter Since 2017
Key Highlights: Bitcoin surged past $87,000 before a slight correction, rallying more than 35% since mid-August amid surging demand for the “debasement trade.” U.S. Treasury debt buyback operations targeting 10- and 20-year notes have tripled in size to support bond market liquidity and ease borrowing pressures. Cooling labor metrics—highlighted by September payrolls adding just 29,000 ...