“Bitcoin tumbles $5,000 in 24 hours as interest rates jump”
April 3, 2024
“Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according to Coin Metrics. At one point it fell as low as $64,572.00…
Meanwhile, the 10-year U.S. Treasury yield hit its highest level of the year and the dollar, which has an inverse relationship with bitcoin, hit a five-month high…”