September 24 Morning Podcast: US 10-Year Treasury Yield Hits 19-Year High of 5.054%, Crypto Markets Decline with $440M i

The cryptocurrency market faced a downturn as the US 10-year Treasury yield climbed to 5.054%, its highest level since 2007, fueling risk-off sentiment. Bitcoin and Ethereum fell by 2.01% and 2.69% respectively, alongside broader altcoin declines. Market data shows $440.57 million in liquidations over 24 hours, with 75.22% consisting of long positions. Key developments include a 73% market probability of a 25bp rate hike by the Federal Reserve in October, significant leverage unwinding in major assets, and reports of a $20 million outflow from Ripple wallets. Meanwhile, institutional adoption continues with the listing of Zcash and LIT-tracking ETPs in Europe.