Bitcoin price dips under $55K as US bond yields touch 13-month high
Bitcoin (BTC) slid under $55,000 on March 17 as United States treasury yields built on a comeback, which took them to their highest in over a year. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price stays firmly rangebound Data from Cointelegraph Markets Pro and Tradingview showed further downward pressure for BTC/USD on Wednesday, compounding a comedown […]
Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin
Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking. As Cointelegraph previously reported, staking neared $4 billion in January, leading to around 2% of ETH’s supply being […]
Beware the ides of March: Bitcoin slumps as Treasury yields and the Dollar rise again
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 U.S. and Asia, have pulled back in tandem as the […]