Bitcoin Back Down to $66K As Rising Treasury Yields Catch Investor Interest
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Bitcoin hovers near $66,000, with the CoinDesk20 Index signaling broader market weakness.
Crypto futures rates and open interest have decreased, signaling a potential end to a two-month rally.
Bitcoin {{BTC}} held on to losses during the Asian trading hours on Tuesday, trading at around $66,000, as traders digested resurgent Treasury yields and the possibility that the Fed might delay rate cuts until later this year.
At the time of writing, ether {{ETH}} changed hands above $3,300, while the CoinDesk 20 (CD20) was down 0.6% to 2,532.
