Crypto markets have had a nice bull run in the last quarter of 2024, but rising government bond yields around the world are now looking too strong to ignore. 📉

- The US 10-year Treasury yield rose to 4.70%, approaching a multi-year peak.

- The UK 30-year Gilt yield is at 5.35%, the highest since 1998.

- Similar increases are also seen in countries like Germany, Italy, and Japan.

Bitcoin and other digital assets reached record highs in early December, but have since fallen more than 10%. In China, yields are falling amid deflation concerns. 💹

Share your thoughts in the comments! 💬