Bitcoin hits lowest price since April – what are analysts saying?

August 18, 2023 05:04 AM AEST | By Invezz

Bitcoin hits lowest price since April – what are analysts saying? — Image source: Invezz

Bitcoin, stocks slip as yields rise

Bitcoin price dipping to current levels comes after this week’s July Fed meeting minutes, which has seen market experts point to the fact the US central bank may not be done with its interest rate hikes. Also notable has been the spike in US real yields, with the 10-year Treasury up over 6 basis points to 4.6. The 30-year Treasury reached 4.99%.

Meanwhile, US stocks traded slightly lower as the S&P 500 fell to 4,387 and the Dow Jones Industrial Average shed nearly 200 points. The tech-heavy Nasdaq also slipped as investors digested the Fed’s minutes.

The post Bitcoin hits lowest price since April – what are analysts saying? appeared first on Invezz.

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