News Formal

Cryptos and stocks trend lower as U.S. Treasury yields hit 16-year highs

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Cryptocurrency prices trended lower for a second day on Tuesday as the 10-year Treasury hit a 16-year high of 4.81%, which put pressure on assets across all markets.

- Cryptocurrency prices trended lower for a second day on Tuesday as U.S. Treasury yields continued to climb, with the 10-year note hitting a 16-year high of 4.81% in the afternoon, which put negative pressure on financial assets across all markets.

Data provided by TradingView shows that after opening the day at $27,505, Bitcoin briefly climbed to a daily high of $27,675 before bears took control of the price action and pushed it to a low of $27,160 in the late afternoon. At the time of writing, BTC trades at $27,360.October Bitcoin futures prices traded “near steady in early U.S. trading Tuesday, on a normal pause after hitting a six-week high on Monday,” said Kitco senior technical analyst Jim Wyckoff.

Currently, we're doing that. If the lower timeframes keep on pushing higher lows, we'll most likely run towards $30-35K in the coming 4-8 weeks. pic.twitter.com/vr11s6AD7e

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 13. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerNEW YORK (AP) — Wall Street is sinking again under the weight of higher yields in the bond market. The S&P 500 fell 0.5% early Tuesday and is back to where it was in June. The Dow fell 157 and the Nasdaq composite was down 0.6%.
Källa: SooToday - 🏆 8. / 85 Läs mer »

Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
Källa: CTVNews - 🏆 1. / 99 Läs mer »