CryptoCoinDeskabout 2 hours ago
Bitcoin slips on July Fed rate hike bets
1 min read
Bitcoin dropped over 2% to $62,380 as traders boosted July Fed rate hike probability to roughly 50% from 10% days ago. The two-year U.S. Treasury yield hit 4.29%, its highest since early last year, amid rising oil prices and U.S.-Iran tensions. Investors await Tuesday's CPI report and Fed Chair Kevin Warsh's congressional testimony.
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