Exploring the Link Between Falling Yields and Bitcoin’s Tuesday Slump

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Bitcoin’s price tumbled some 7.2% on Tuesday, from a high above $102,500 to $95,100. A surge in Treasury yields seemed to affect risk assets across the board.

Rising Treasury yields as a result of falling bond prices Tuesday knocked tech stocks in the Nasdaq Composite down nearly 2%.

Aside from BTC, Ethereum fell nearly 8%, Ripple dropped by 6%, and Solana slumped by nearly 10% in the 24-hour window.

BTC Price Retraces Jan 6 Bump on New Congress


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