Crypto Hit With $526M in Liquidations as 30-Year Treasury Yield Surges to 5.16% — Markets Under Pressure!

Crypto markets took a sharp hit as over $526 million was liquidated in a single hour, with longs bearing the brunt at $510 million as Bitcoin slid to $77K. Simultaneously, the US 30-year Treasury yield climbed to 5.16% — its highest since October 2023 — as inflation fears ignited a global debt selloff. Chinese holdings of US Treasuries have also fallen to their lowest level since the 2008 financial crisis, adding another layer of macro stress to an already fragile risk environment.

On the regulatory front, Senator Cynthia Lummis is pushing hard for the Clarity Act, with White House crypto advisor Patrick Witt saying the bill would deliver roughly 90% of what the crypto industry needs. The SEC also rescinded its decades-old gag rule, allowing settlement parties to speak publicly after enforcement actions — a meaningful shift in regulatory posture.

Despite the market turbulence,…