Back to News
Bitcoin fights for local uptrend as US bond yields drop from new 24-year highs
US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.
Related
Bitcoin hits $81K as US bond yields rebound on global oil woes
Bitcoin price action made swift gains at the start of Friday’s Wall Street trading session as US 30-year bond yields began rising again.
Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs
The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.
Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
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 drops under $83K as liquidity hunting keeps bulls from targeting yearly open
Bitcoin joined US stock futures in dropping on Monday after US president Donald Trump did not commit to permanently halting strikes on Iran.
Bitcoin bounces to $84K after US 30-year bond yield sets 24-year high
Bitcoin price action consolidated after early-week losses while protecting a “trend-defining” support zone.