Bitcoin’s usual lifeline is failing as a bond market warning puts $80,000 at risk
Bitcoin briefly lost the $81,000 footing on Oct. 22, while the Nasdaq lost more than 2%, spot gold dropped about 2.7% to $4,025, and silver sank about 5.8% to near $54.63. The 10-year Treasury yield fell from 5.146% to below 5%, marking its biggest one-day drop in more than two years. Brent crude hit an… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin briefly lost the $81,000 footing on Oct.
- 22, while the Nasdaq lost more than 2%, spot gold dropped about 2.7% to $4,025, and silver sank about 5.8% to near $54.63.
- The 10-year Treasury yield fell from 5.146% to below 5%, marking its biggest one-day drop in more than two years.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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