⚠️ Bitcoin falls to $71,200 as Treasury yields rise
Bitcoin’s price fell to $71,200, its lowest level since August 20, after the yield on the 10-year U.S. Treasury bond remained above 5%. This pressure from interest rates reduced the appeal of holding bitcoin, which pays no interest, and pushed its price lower.
$BTC #CryptoNews
Source: Bitcoin Magazine · https://bitcoinmagazine.com/markets/bitcoin-price-trades-near-71200-yields
Bitcoin’s price fell to $71,200, its lowest level since August 20, after the yield on the 10-year U.S. Treasury bond remained above 5%. This pressure from interest rates reduced the appeal of holding bitcoin, which pays no interest, and pushed its price lower.
$BTC #CryptoNews
Source: Bitcoin Magazine · https://bitcoinmagazine.com/markets/bitcoin-price-trades-near-71200-yields
