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Bitcoin Continues to Shrink on Rates

From dailyforex.com

The Bitcoin market continues to see a lot of volatility at this point in time, as rates in the US continue to strengthen, and this makes riskier assets a bit difficult to hang onto. The Bitcoin market continues to see a lot of volatility, which makes quite a bit of sense considering that the world is essentially on fire and of course the interest rate markets are starting to see higher yields. Those higher yields make certain assets less attractive, including Bitcoin. While Bitcoin has recently made a nice bottoming pattern and it certainly looks like it is trying to find its floor, as long as the rates in America ... (full story)

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  • Category: Technical Analysis