Crypto Market Crash Triggers Risk-Off
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Sudden Crypto Market CrashCoinGape
•Business
Business & Economics
Crypto Market Crash: Why BTC, ETH, DOGE, & Other Altcoins Fell
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78% Informative
Bitcoin (BTC) price dropped 5.04% to $ 96,713 , falling below the $ 100,000 psychological support level.
The 10-year U.S. Treasury yield climbed to 4.70% , accompanied by increases in the 30-year and 5-year yields.
Rising bond yields make traditional investments more attractive, drawing capital away from riskier assets like cryptocurrencies.
The Federal Reserve’s monetary policy stance weighed heavily on investor sentiment.
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