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Bitcoin Squeezed as Yields Surge, Fed Stays Steady
Published 3 weeks, 3 days ago
Description
U.S. Treasury Yield Surge Pressures Bitcoin: Higher yields, hawkish Fed, and a stronger dollar are drawing investors away from cryptocurrencies, causing a two percent drop in bitcoins value. Gold also takes a hit as yields rise in the U.K., signaling tighter money and less risk appetite.
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