Bitcoin Under Pressure from Interest Rates
The sudden rise in interest rates on 10-year US bonds has brought a mini-panic to the market as the economy seems to be giving better returns to safer assets.
After the announcement of the rise in the US service sector, Bitcoin fell by 5%, to $97,000, while Ethereum also fell by 8%.
Correspondingly, stocks in the crypto sector such as Coinbase, Microstrategy, Mara Holdings and Core Scientific recorded downward trends during the day, from 6% to 9%.
From now on, the prices of Bitcoin and other cryptos will be much more affected by the movements of the FED and other Central Banks and for this reason, hedges in Bitcoin will be part of the everyday life of investments.
So, we move carefully and with an eye on the news…….
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Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.
At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.
If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).
