Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year.


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Beware the ides of March: Bitcoin slumps as Treasury yields and the dollar ri...

Bitcoin sees weakening momentum as the U.S. dollar recovers and Treasury yields rise. The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again, while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the United States and Asia, has pulled back in tandem as the U.S. Senate's stimulus approval has sparked inflation fears.BTC (orange) vs. DXY (green) vs. Treasury yield (blue). Source: TradingviewWhy is Bitcoin dropping off of inflation fears?As Welt market analyst....

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Bitcoin Flickers Near $35,000 as Bond Yields Drop; A Detailed Outlook

Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New York opening bell. It was trading at $35,233 on Coinbase exchange at its intraday high, pointing to bullish attempts to […]

MicroStrategy dismisses market uncertainty, buys another Bitcoin dip

The software company added another $10 million in BTC to its war chest. MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the company’s total Bitcoin holdings at 91,064 BTC worth $4.3 billion. The total cost basis of the BTC is $2,196 billion with an average purchase price of $24,119.MicroStrategy’s latest Bitcoin....

Attention Investors In Search Of Higher Returns: Consider Bitcoin

With all the questions undermining stock and bond yields nowadays, it only makes sense for investors to take a serious look at bitcoin's earnings potential. Look for the financial community to pay closer attention to bitcoin in the present investment environment. Investors looking to diversify their portfolios should consider bitcoin and digital currency, according to this past weekend's "Weekend Investor" report in The Wall Street Journal. The article, titled "In Search of Higher Returns" featured a shiny, logoed bitcoin rising as one hand gives a 100-dollar bill to another outstretched....