💻The sharp increase in U.S. Treasury yields, coupled with the stronger-than-expected PMI data, has likely heightened inflation concerns, prompting a risk-off sentiment across markets. This has pressured both cryptocurrencies and equities, as investors pivot toward safer assets. The impact on MicroStrategy reflects broader fears of devaluation in Bitcoin-heavy portfolios. This downturn underscores the close ties between macroeconomic indicators and market volatility in the crypto space.
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