Is This Actually Behind Bitcoin’s (BTC) Recent Drop? No One Really Noticed

Today, the US Secured Overnight Financing Rate (SOFR) increased by 18 basis points to 4.22%. This increase was the largest daily increase in the last year and raised concerns about a liquidity squeeze in financial ￰0￱ chart showing the rise in SOFR ￰1￱ believe this surge is driven by the US Treasury's shift toward short-term borrowing due to the increasing risk of a government ￰2￱ Treasury's increased supply of short-term bonds created a glut in repo markets, pushing up funding ￰3￱ pushed up both repo rates and the SOFR ￰4￱ News: Binance Founder CZ Makes Statement Following Sudden Drop The liquidity squeeze triggered selling pressure on risky assets.

Bitcoin, in particular, was one of the assets most affected by this ￰5￱ falling below $106,000 during the day, Bitcoin has fallen 3.27% in the last 24 ￰6￱ the altcoin side, Ethereum, Solana, BNB and XRP attracted attention with their prices seeing double-digit declines in the last week. *This is not investment ￰7￱ Reading: Is This Actually Behind Bitcoin’s (BTC) Recent Drop? No One Really Noticed