Bitcoin dips as rising yields prompt rethink of popular trade

Bitcoin dips as rising yields prompt rethink of popular trade

The Edge Markets - World·2021-03-06 05:04

(March 5): Bitcoin fell for a second day amid concerns that a jump in bond yields is sapping demand for riskier investments.

The largest cryptocurrency shed as much as 3.4% on Friday and was trading at about $47,000 as of 1:05 p.m. in Hong Kong. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other tokens, slipped more than 3%.

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