Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
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Bitcoin steadied as surging U.S. Treasury yields, reaching levels last seen in 2007, pressured risk assets and limited upside. ONDO outperformed, rallying amid continued interest in tokenized real-world assets and its connection to the U.S. Treasury market. The yield spike signals tighter financial conditions, potentially weighing on Bitcoin and broader crypto markets unless easing rate expectations or renewed liquidity offset the pressure.
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