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Bitcoin Dips Toward $78,000 as Surging Treasury Yields Pressure Crypto

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin declined in Asian trade as surging U.S.
  • Treasury yields triggered capital outflows from risk assets.
  • Additional macro headwinds, including elevated energy prices and broader equity market weakness, continue to exert downward pressure on cryptocurrency valuations.
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BTCUSD price history

77937.25 +16.33% over the displayed period

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