Bitcoin price dips to one-week low as rising US yields dent rally
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising US yields lifted the dollar broadly and hurt non-income paying assets
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Bitcoin
SINGAPORE (Reuters) - Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. yields lifted the dollar broadly and hurt non-income paying assets.
Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.
(Reporting by Tom Westbrook; Editing by Himani Sarkar)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Topics : Bitcoin Bitcoin falls Cyrptocurrencies
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First Published: Jan 11 2021 | 10:22 AM IST