<ul><li>The U.S. 10-year Treasury yield has surged to 4.50%, leading to rising costs of borrowing and investor concerns about inflation and government debts.</li><li>Experts speculate that large TradFi hedge funds engaging in risky trading strategies related to synthetic treasury basis trades could be the cause of this spike.</li><li>For the impact on the crypto market, it may not matter unless the Federal Reserve intervenes with measures such as quantitative easing or yield curve control.</li><li>Higher treasury yields could lead to a weaker dollar, potentially benefiting Bitcoin in the long term. However, in the short term, the correlation between equities and Bitcoin could mean a drag on the crypto market due to pressure on equity prices.</li></ul>

US Treasury 4.50% Shock, Bullish For Crypto!

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