Bitcoin rebounded on Thursday, returning above $81,000 after falling below $80,000 overnight. Meanwhile, the Nasdaq dropped 1.5%, with Alphabet shares plunging 12% and ServiceNow losing 23%, while the 10-year US Treasury yield fell seven basis points to 4.98%. The odds of a December rate hike slipped below 80% after approaching 90% the previous day. US-listed spot Bitcoin ETFs recorded three consecutive days of inflows totaling roughly $424 million, including $176 million on Tuesday, led by BlackRock’s iShares Bitcoin Trust. This apparent rotation into Bitcoin suggests demand for a safe-haven asset during equity market stress.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
