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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 falls | Bitcoin | Cyrptocurrencies

Reuters  |  SINGAPORE 

bitcoin, cryptocurrency, digital
Bitcoin

SINGAPORE (Reuters) - Cryptocurrencies plunged on Monday, with dropping more than 12% to a one-week low as rising U.S. yields lifted the dollar broadly and hurt non-income paying assets.

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.)

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First Published: Mon, January 11 2021. 10:22 IST
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