Source: CryptoSlate ↗
Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets
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What the source reports
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs. The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week. Selling intensified after S&P Global released its September flash purchasing managers’ […] The pos...
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