Bitcoin dips below $75,000, rebounds above $76,000 after rate fears
On September 15, Bitcoin briefly slipped below $75,000 and rebounded above $76,000; the move liquidated nearly $100 million in leveraged longs as US 10-year yields surpassed 5% and expectations of a quarter-point rate hike grew.
Bitcoin briefly fell below $75,000 on September 15, then recovered above $76,000, with the move liquidating nearly $100 million in leveraged longs. US 10-year Treasury yields moved above 5% for the first time since November 2023, as expectations grew for a quarter-point rate…