Bitcoin hits one-week low as rising U.S. yields dent rally
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. yields lifted the dollar broadly and hurt non-income paying assets.
Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51. Pixabay photo
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising U.S. yields lifted the dollar broadly and hurt non-income paying assets.
Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.
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