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Home›Crypto›Bitcoin›Bitcoin slips below $80,000 as bond yields fall

Bitcoin slips below $80,000 as bond yields fall

Bitcoin struggled around the $80,000 area as US bond yields declined and gold cooled from recent highs.

Reported · Written up by our desk · Bitcoin

Bitcoin pulled back as investors weighed a shift in the rates backdrop, with the token slipping from the $80,000 area, according to Cointelegraph.

Cointelegraph reports that the move coincided with gold stepping down from its highest levels since mid-May, as US bond yields fell.

The outlet says bitcoin bulls were still trying to regain control around $80,000 while gold cooled alongside the lower yield environment.

Latest closeGold $4,157.80 ▲0.4%|Bitcoin $81,906.63 ▼1.4%

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Sources

CointelegraphBitcoin slips from $80K as gold cools with falling US bond yields

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