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Bitcoin hits nine-week low as bears gain momentum

From kitco.com

Cryptocurrency prices continued to slide lower on Tuesday as traders opted to stay on the sidelines in the safety of stablecoins amid the increasingly bearish price action across financial markets. Stocks also fell under pressure as investors remained focused on Treasury yields, which briefly hit a 16-year high of 4.362% near midday on Tuesday before pulling back to 4.33%. At the close of markets, the S&P and Dow finished lower, down 0.34% and 0.57%, respectively, while the Nasdaq managed to eke out a small gain of 0.06%. Data provided by TradingView shows that Bitcoin (BTC) traded near support at $26,000 ... (full story)

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  • Category: Technical Analysis