Bitcoin drops below $98,000: Here is why
Bitcoin drops below $98,000 on Tuesday as rising U.S. Treasury yields created turbulence for risk assets. The flagship cryptocurrency slipped by 4.8%, retreating to $97,183.80, according to Coin Metrics. More importantly, the CoinDesk 20 index shed over 5%. U.S. Treasury Yields Impact Bitcoin and Crypto Stocks The decline coincided with a jump in the 10-year