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Bitcoin

Prolonged higher bond yields typically tighten financial conditions, reduce liquidity, and strengthen the dollar—all historically bearish for Bitcoin and altcoins. The specific mention of hyperscalers (big tech) highlights a potential spillover: if tech stocks sell off, crypto’s correlation with NASDAQ could amplify downside. This fits a larger trend of de-risking as the market prices in ‘higher for longer’ rates.

Nicolas Bickel, CIO at Edmond de Rothschild Private Bank, stated that prolonged higher bond yields could pose a risk to equities, especially highly indebted companies and hyperscalers.

Edmond de Rothschild CIO Warns Higher Bond Yields Threaten Hyperscalers, Risk Assets

Hyperscaler Debt Risk From Rising Bond Yields Threatens Crypto Mining and DePIN Infrastructure

Nvidia Links Hyperscalers' AI Hardware Spending to Bond Market Conditions

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