Bitcoin’s next major move could depend on the US bond market. Treasury yields surged to their highest level in 24 years, making government bonds more attractive to investors and putting fresh pressure on cryptocurrencies. According to Bitunix’s October market analysis, the benchmark 10-year US Treasury yield climbed above 5.35%. Bitcoin fell below $82,000.
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
