15% in value this month to 50 U.S. cents on the dollar, according to data source Finra-Morningstar, sending the yield – which moves in the opposite direction to price – to a record high of 13.5%.: On Friday, the yield on the company's 2028 notes, issued last year to finance bitcoin accumulation, climbed to 13.35% as the price dropped to a record 72.5 cents on the dollar.of around 1,000 basis points – or 10 percentage points – to the U.S. 10-year Treasury note yield, as of Friday.
According to Rich Rosenblum, co-founder of crypto trading firm and liquidity provider GSR noted that while bonds are a safer route, the upside is also"far more muted.", nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $15,591, close to the 52-week low of $15,554. Bitcoin had settled back to around $15,800 as of press time, down roughly 5% in the past 24 hours.
_jocelynyang_ SBF_FTX, you did it?
_jocelynyang_ It is a very fragile system Hacker manipulating the market. That does not sounds good.
_jocelynyang_ No word about coinbase insolvency? They are looking for new investors
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Source: CNBC - 🏆 12. / 72 Read more »