BTC Retreats Under $64K on Higher Rate Expectations
Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Bitcoin saw several dips under the $64,000 mark as a Binance “plunge protection team” reemerged with bid liquidity to avoid a deeper BTC price rout. Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market. Analysis warns US bond yields now “well above” target Geopolitical tensions and macroeconomic headwinds weighed on crypto markets as appetite for risk assets faded. Trading firm Mosaic Asset Company said rising US Treasury yields were a key driver of the sell-off. “Massive ...