Bitcoin is still reeling from correcting after breaking all-time highs. What does the future hold for the king of cryptocurrencies?
is still over $10k below its all-time highs reached earlier this year. The king crypto is struggling to hit even the $65k mark, and so far? It’s failing.
Historically, when the high yield rate drops, it often correlates with a rise in Bitcoin prices, as lower yields make alternative investments like Bitcoin more attractive.All in all, the U.S. economy means a lot to Bitcoin investors. The U.S. Treasury Department’s recent auction of 30-year bonds saw strong demand, leading to downward pressure on yields.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Edmunds: 2024 Kia Niro versus 2024 Toyota Corolla CrossMany car shoppers simply want a vehicle that’s practical, easy to drive and relatively inexpensive. High fuel economy is increasingly a popular desire as...
Read more »
Bitcoin’s Longest Losing Streak of 2024 Casts Cloud Over CryptoBitcoin is grinding lower as part of a $500 billion slide in digital assets, stoking questions about whether the crypto rebound has peaked.
Read more »
Biden vs Bitcoin: What all is at stake as U.S. election 2024 nearsU.S. Senator Cynthia Lummis criticized the DOJ for its recent interpretation of regulations concerning non-custodial software wallets.
Read more »
Bitcoin Falls to One-Week Low as the 2024 Crypto Revival StallsBitcoin and the wider crypto market retreated on Monday, with some speculators on edge ahead of a Federal Reserve meeting this week that may point to higher-for-longer interest rates.
Read more »
What Bitcoin’s post-halving history tells us about BTC’s 2024 pricesThe Bitcoin [BTC] halving triggered a bull rally for altcoins, but BTC itself did not showcase much volatility.
Read more »
Bitcoin halving 2024: How 27,000 BTC are prepping for the big dayBitcoin [BTC] accumulation has reached a new milestone, with the next halving event just a day away. In a new report, pseudonymous...
Read more »