Bitcoin, Altcoins Drop as Yields Tighten Financial Conditions
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Bitcoin retreats to the US$83 thousand track this Thursday Bitcoin falls 3.1% and returns to US$83 thousand with high interest in the U.S. and high oil
Bitcoin, Altcoins Drop as Yields Tighten Financial Conditions
Bitcoin and other risk assets crashed during Thursday’s early trading session, as investors reacted to developments in the macro sector. BTC fell nearly 2%, continuing its pullback from the recent high of above $87,300. Meanwhile, Dogecoin took a bigger hit, declining over 3.8%, according to TradingView data. Other top digital assets, including Ethereum, XRP, and […] Read The Full Article Bitcoin, Altcoins Drop as Yields Tighten Financial Condit…
The week's strong rise in the crypto market gave way to selling. Major altcoins with Bitcoin fell as bond yields hit 19-year highs in the US and strengthening interest rate hike expectations dampened risk appetite.
Bitcoin, which started the week strongly, saw its upward trend give way to selling pressure. Successive developments in global markets reduced risk appetite in cryptocurrencies, while the picture among institutional investors attracted attention. 🚆
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