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via Cointelegraph · By Cointelegraph Staff
Bitcoin at 'Crucial' Support as US Bonds Pressure Crypto, Stocks and Gold
BTC
BTC/USDT
$63,266.69
+0.27%
$63,266.69
+0.27%
(24s)24h Volume
$2,694,633,295.48
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0041%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(04:00 PM UTC)
1 min read
Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens.
Key points:
- Bitcoin joins risk assets feeling the pressure from skyrocketing US bond yields.
- Catalysts, such as high oil prices, continue to impact market sentiment with the US-Iran war stakes still high.
- Bitcoin is now at a "crucial level of support," the latest market analysis warns.
US…
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