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Bitcoin falls to $84,000 on oil and yield concerns
Bitcoin prices fell by 1.2% to around $84,289, influenced by rising oil prices and U.S. Treasury bond yields. Tensions in the oil market, rising inflation, and the possibility of interest rate hikes continue to impact the cryptocurrency market, as hopes for financial support through new American legislation have faltered. Additionally, the increase in oil prices has led to higher bond yields, maintaining pressure on the Bitcoin market despite a slight decline in yields. Overall, the outlook remains negative after reaching its highest levels in 24 years.
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