Although Bitcoin drifted down toward $83,800 during the week, an analyst suggests there is no cause for concern at this point. The downward drift coincides with a surge in US bond yields to multi-decade highs, a development that has unsettled traders throughout the broader financial markets. Specifically, the 30-year Treasury yield rose to 5.4%, marking its loftiest level in 23 years, alongside the …
Bitcoin Unfazed by Bond Yields Hitting 23-Year High
Bitcoin drifted down toward $83,800 amid a surge in US bond yields to multi-decade highs, though an analyst suggests traders have no cause for concern despite broader market unease.
