The price of Bitcoin fell for a second day as Treasury yields rose and the U.S. dollar strengthened. The cryptocurrency dropped over 5% on Tuesday, bringing its two-day loss to about 7%. This decline followed positive manufacturing sector growth data and reduced expectations of rate cuts. Bitcoin is now down about 11% from its all-time high in March.
The price of Bitcoin fell for a second day as Treasury yields rose and the U.S. dollar strengthened. The cryptocurrency dropped over 5% on Tuesday, bringing its two-day loss to about 7%. This decline followed positive manufacturing sector growth data and reduced expectations of rate cuts .
Bitcoin is now down about 11% from its all-time high in March.
Bitcoin Price Fall Second Day Treasury Yields U.S. Dollar Cryptocurrency Manufacturing Sector Growth Rate Cuts
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