Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest

Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest

[ad_1] “Bitcoin retraced down to $65,000, mostly attributed to the recent macro outlook on interest rates and rising Treasury yields,” Semir Gabeljic, director of capital formation at Pythagoras Investments, said in an email interview. “Higher interest rate environments typically tend to reduce investor appetite to risk.” [ad_2] Source link

CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval

CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval

[ad_1] The exchange also recently saw the volume of bitcoin futures open interest (OI) – the number of existing contracts – surpass Binance (the world’s largest centralized exchange by trading volume). However, CCData notes that this trend has reversed, and open interest has fallen 8.50% to $4.42 billion. Bitcoin options on the exchange also fell, … Read more