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Bloomberg analyst: The 30-year U.S. Treasury yield has surpassed 5%, which may signal that high-speculation Crypto Assets will encounter resistance.
Golden Finance reports that Bloomberg senior analyst Mike McGlone stated on social media that the 30-year U.S. Treasury yield exceeding 5% may indicate that investors are selling U.S. assets. This trend could create resistance for stocks and highly speculative crypto assets, while being favourable information for gold.