CryptoCointelegraphabout 2 hours ago
Bitcoin Price Drops to October Low
3 min read
Bitcoin fell to $82,734 on Bitstamp, marking its lowest levels so far traded in October. US bond yields spiked to new 24-year highs, reaching 5.36% and 5.73% for the 10-year and 30-year yields respectively. Bitcoin Open Interest declined by nearly 10% from approximately $28.8B to $26.0B as demand waned.
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