Bitcoin fell below $40,000 for the first time in a month as risk assets remained under pressure.
Budget: $30 – $250 USD
Bitcoin fell below $40,000 for the first time since March 16 due to global macro concerns.
Yields on the 10-year U.S. Treasury note hit a three-year high of 2.78% on Monday, before continuing to rise to 2.82% in Asia on Tuesday. _ _ _
Risk assets tend to fall when U.S. bond yields climb. The Nasdaq plunged more than 2 percent on Monday, while bitcoin, which is closely linked to technology stocks, also fell.
Other cryptocurrencies plunged in tandem with Bitcoin, with BNB down 5%, Ethereum down 6.8% and Dogecoin down 9.6%.
Yields on the 10-year U.S. Treasury note hit a three-year high of 2.78% on Monday, before continuing to rise to 2.82% in Asia on Tuesday. _ _ _
Risk assets tend to fall when U.S. bond yields climb. The Nasdaq plunged more than 2 percent on Monday, while bitcoin, which is closely linked to technology stocks, also fell.
Other cryptocurrencies plunged in tandem with Bitcoin, with BNB down 5%, Ethereum down 6.8% and Dogecoin down 9.6%.