Bitcoin Drops to $84K as Bond Yields Hit 5.11%: What Next?

Bitcoin (BTC) has shed 2.06% in value in the day, missing the $87,000 resistance line and pulling back to $84,425 at press time. Other than rising speculations of increased aggressiveness in the Middle East conflict, the drop is also a short-term consequence of the recent hike in US government bond yields.

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Source: CoinPedia

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Category Cryptocurrency

Source CoinPedia

Published 3 weeks ago

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News ID #20,745

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