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Bitcoin Rally Loses Momentum
Bitcoin price pulled back to $76,000 on Tuesday as the recent rally lost momentum. The BTC/USD pair was trading at 76,750 as crude oil prices soared amid the ongoing US-Iran ceasefire. The BTC/USD pair dropped sharply as crude oil prices continued rising, with Brent, the global benchmark, rising to $110 for the first time in weeks. The US benchmark rose to $97. At the same time, US bond yields continued rising, with the ten-year yield rising to 4.34% and the two-year moving to 3.80%. This trend is happening as the contentious ceasefire continues. Therefore, analysts believe that US consumer inflation continues ... (full story)
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