Why is the crypto market down today

in #btc • 2 months ago

The crypto market tumbled today as Bitcoin price dropped below $66,500 and large-cap altcoins sold off

Risk-off sentiment booms
Bitcoin and the rest of the crypto market have sunk today due to receding bets on looser Federal Reserve monetary policy following stronger-than-expected U.S. manufacturing data

his reduction in easing expectations, coupled with the belief that interest rates will remain high in the near future, prompted a significant rise in the benchmark 10-year U.S. Treasury yield, which surged from 4.18% to 4.33%

2 months ago in #btc by
$0.00
    3 votes
    Reply 0

    Coin Marketplace

    STEEM 0.28
    TRX 0.12
    JST 0.033
    BTC 69692.63
    ETH 3775.19
    USDT 1.00
    SBD 3.76