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cryptonews 2023-08-22 23:23:00

Higher Bond Yields Contribute to Bitcoin's Extended Losses

Bitcoin losses continued today as bond yields continued to rise, causing concern for investors. This downturn has seen the leading digital currency dip below its two-month low of $26,000 for a loss of 0.74% over the past 24 hours. The drop in Bitcoin's price comes after a challenging week for the cryptocurrency. Over the past seven days, Bitcoin's price dropped more than 11%. Alongside this, other digital currencies, such as Ether and XRP, have also experienced sizable price decreases.... Read More: Higher Bond Yields Contribute to Bitcoin's Extended Losses

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