BTC Price: How Rising US Treasury Yield and US Election Can Impact Next Move

Quick Summary:

The BTC price has once again come under selling pressure facing rejection at $69,000 levels as the focus shifts towards key macro developments in the US market.

With US Treasury Yield hitting 3-month highs, the concerns of inflation are back again.

On one hand, while the Fed decided to cut rates by 50 basis points, the Treasury yields have gained by a similar magnitude.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Us treasury Bitcoin (BTC) Price US Bonds Kamala harris Donald trump US elections Bitcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 07:31:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23212945

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About CoinGape

Main Topics: Crypto

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