Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens
Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens coindesk.com 25 July 2024 11:14, UTC China’s surprise rate cut signals panic, adds to risk aversion in the market. The steepening of the U.S. Treasury yield curve is the biggest risk, one observer said. Risk assets slid Thursday as China’s second…