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Elevated Treasury yields are weighing on bitcoin. Here’s a case for it dropping to $90,000. - MarketWatch

1. Bitcoin declined for three consecutive days amid rising yields. 2. BTCUSD fell 1.2% to approximately $92,812 on Thursday. 3. Current price is over 14% below December's record high of $108,309.

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FAQ

Why Bearish?

Higher yields generally lead to lower interest in cryptocurrencies as they offer higher risk.

How important is it?

Yields impacting Bitcoin's price can affect investor sentiment and market dynamics.

Why Short Term?

The immediate sell-off reaction to yield increases may stabilize in the short term.

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