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Coinbase Markets 🛡️ (@CoinbaseMarkets): The Fed raised rates 25bp. The US 10 year is still above 5%.

Estimated coin impact

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The Fed raised rates 25bp. The US 10 year is still above 5%. The benchmark yield is hovering around its highest level since 2007, extending a move that has taken it from roughly 4.1% a year ago to 5.02% today. That keeps the pressure further out the curve in focus, even after the Fed tightened short term rates. For $BTC, the rates backdrop remains tight with the FOMC decision now behind us.

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