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Bitcoin slides as oil, Treasury yields rise and Clarity Act odds fall in U.S. crypto market
Broader risk appetite weakens in early Thursday trading as higher energy prices and rising bond yields pressure speculative assets, pushing bitcoin down toward $65,500. The decline also spreads across major tokens while concerns build over a tougher path for U.S. crypto market structure legislation. As reported by CoinDesk, bitcoin remains under selling pressure as futures tied to West Texas Intermediate crude climb to $88.60 a barrel, their highest level since June 11, while U.S. Treasury yields move higher. The cryptocurrency trades near $65,500, down about 0.7% since midnight UTC and extending a retreat from ... (full story)
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