đ Bitcoin slips below its 200-week moving average, touching $67,652
Bitcoin fell as low as $67,652 on Friday, down more than 3.5% in 24 hours and about 16% over the past month, slipping under its 200-week moving average near $68,000.
The move came as the US Dollar Index pushed above 103 and the 10-year Treasury yield climbed to 5.125%, with tech stock futures also lower.
â The 200-week average is widely watched as Bitcoin's long-term support zone, and a strong dollar plus rising yields are putting pressure on risk assets across the board.
#Bitcoin #BTC #Crypto #Markets
Bitcoin fell as low as $67,652 on Friday, down more than 3.5% in 24 hours and about 16% over the past month, slipping under its 200-week moving average near $68,000.
The move came as the US Dollar Index pushed above 103 and the 10-year Treasury yield climbed to 5.125%, with tech stock futures also lower.
â The 200-week average is widely watched as Bitcoin's long-term support zone, and a strong dollar plus rising yields are putting pressure on risk assets across the board.
#Bitcoin #BTC #Crypto #Markets
