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US Treasury Yield Surge Drives Major Crypto Liquidations

by aria-crypto.com

January 7, 2025 at 22:09

US Treasury Yield Surge Drives Major Crypto Liquidations

Over the past 24 hours, the cryptocurrency market has suffered significant losses, with over $480 million liquidated as the US Treasury yield spiked. More than 157,000 traders were affected, predominantly due to a rapid rise in the 10-year US Treasury yield coinciding with surprising growth in the US services sector. This economic data fueled fears of sustained inflation, impacting high-growth assets such as Bitcoin and Ethereum. The impact was severe, with Bitcoin's price falling more than 5% after previously recording seven days of gains, and Ethereum's market value declining nearly 8%. Such downturns in crypto prices often lead to sharp increases in market volatility and forced liquidations. Moreover, the total open interest for Bitcoin and Ethereum dropped significantly, signaling a wave of deleveraging across crypto assets. Despite some analysts predicting a bearish future for Bitcoin, others remain optimistic, viewing these corrections as the start of a new market cycle. Meanwhile, regulatory voices in the US, like outgoing CFTC Chair Rostin Behnam, highlight the need for enhanced oversight, complicating the regulatory environment as the market evolves.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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