Bitcoin falls 2.3% as Treasury yields rise
Bitcoin traded near $83,559, down 2.3% on the day, as markets reacted to rising Treasury yields and a hawkish shift in the Fed backdrop.
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Bitcoin traded near $83,559, down 2.3% on the day, as markets reacted to rising Treasury yields and a hawkish shift in the Fed backdrop.
Bitcoin sold off and hovered near $83,500 while U.S. stock indexes pared earlier declines after Treasury yields and oil pulled back. The move came during broader afternoon trading that also saw the Dow, S&P 500 and Nasdaq recover some ground.
Bitcoin dropped 2.9% to a session low of $82,884 as Treasury yields pushed higher and U.S. stocks weakened.
Bitcoin dropped 2.9% to a session low of $82,884 as major U.S. stock indexes and Treasury yields moved higher. The article also said Bitcoin remains more than 34% below its all-time high of $126,272.
Evercore ISI upgraded NetApp to outperform from neutral and raised its price target to 300 from 210. The firm said the company is entering a better growth and earnings setup amid AI-related demand.