Bitcoin tests August rally amid higher Treasury yields
Bitcoin fell to $77,500 as renewed U.S.-Iran strikes and a fresh leg higher in Treasury yields rekindled bets on a Federal Reserve rate hike this month, unwinding part of August’s nearly 25% gain.
Bitcoin fell to $77,500 today, unwinding part of the nearly 25% August’s gain.
It happens as renewed U.S.-Iran strikes and a fresh leg higher in Treasury yields rekindled bets on a Federal Reserve rate hike this month.The reversal poses a direct test of whether August’s rally was a durable shift in…