Bitcoin Slips Under $77,000 as High US PPI, Oil Drive Risk Assets Lower

Bitcoin Slips Under $77,000 as High US PPI, Oil Drive Risk Assets Lower

Bitcoin drops as US bond yields hit a fresh 19-year high alongside hot PPI inflation and rising oil prices, piling pressure on crypto and risk assets.

Bitcoin Drops Below $77,000 as 30-Year Treasury Yields Hit 5.353%

Bitcoin slipped under $77,000 Thursday morning as Wall Street opened and US bond yields surged to levels nobody’s seen in… Read the original on Bitcoin Plummets Below $77,000 as Treasury Yields Surge to 5.353%. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Bitcoin Drops After US PPI Beat as 30-Year Yield Hits 19-Year High

Bitcoin slipped below $77,000 around the start of Thursday’s Wall Street session, dragged down by a sharp reversal in broader risk sentiment. Macro pressure intensified as fresh US inflation data and a surge in oil prices pushed yields higher, tightening the conditions that typically support non-yielding assets like BTC. Market pricing also reflected renewed concern [...]

Bitcoin falls on US PPI overshoot as 30-year bond yield hits new 19-year high

Bitcoin fell with US stocks as high inflation and a further surge in oil prices coincided with another multidecade high for US bond yields.

Bitcoin Price Crashes $1,200 As Treasury's Bond Rescue Backfires

The post Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires appeared first on Coinpedia Fintech News Bitcoin fell $1,200, dropping below $77,000 and now trading at $77,260.27, down 3.0% over 24 hours, after August Producer Price Index data came in hotter than expected. More than $190 million in long positions were liquidated within an hour of the move. The selloff comes as the Treasury’s $6 billion bond buyback failed to stop …

Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires

The post Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires appeared first on Coinpedia Fintech News Bitcoin fell $1,200, dropping below $77,000 and now trading at $77,260.27, down 3.0% over 24 hours, after August Producer Price Index data came in hotter than expected. More than $190...