Cryptocurrencies climb as dollar and yields fall
Cryptocurrencies, including Bitcoin and Ethereum, rose supported by the decline of the US dollar and falling U.S. Treasury bond yields, as investors awaited economic data that could influence Federal Reserve decisions. Bitcoin's price increased by 0.57% to reach $77,647, while Ethereum rose by 0.58% to $2,401.90. These movements occurred amid declining yields and concerns about the future of U.S. monetary policy, which reduces the opportunity cost of holding non-yielding assets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)