Foreign investors returned to US Treasury bills in July, but private buyers still sold $29.1 billion of longer-dated notes and bonds.

If long-term yields stay high, Bitcoin has to compete with safer assets offering better returns while tighter borrowing costs keep pressure on risk appetite.

https://cryptoslate.com/a-29b-private-exodus-from-us-bonds-is-threatening-bitcoins-next-big-rally/

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