-
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)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | 12 hr ago
Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses. The revised legislation comes after negotiations between the White House and Republican ...
From tradersunion.com | 19 hr ago
As reported by CoinDesk, the would-be final draft emerges after Republican talks with President Donald Trump produced an agreement on the bill's most contentious remaining issue, an ethics section that limits direct crypto involvement by the president and other senior government officials. The draft described by sources sets that restriction to expire in ...
From moneycheck.com | 23 hr ago
Major cryptocurrencies continue building on recent gains as favorable macroeconomic data, increasing institutional participation, and constructive technical patterns converge. Bitcoin maintains support above the $66,000 threshold, Ethereum price hovers around $1,900, and XRP defends the $1.13 zone. Geopolitical uncertainties and climbing oil prices present ...
