The news combined to send the U.S. dollar and bond yields modestly higher, but had little effect on stocks. Bitcoin, on the other hand, retreated quickly, tumbling at one point more than 4% from the day’s high to $60,700. At press time, the price had bounced a hair to $61,000, lower by 0.6% over the past 24 hours. The broader CoinDesk 20 Index is up 0.15% over the same period.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.coindesk.com/markets/2024/05/10/bitcoins-modest-rally-cut-short-price-tumbles-back-below-61k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :is
- $UP
- 000
- 15%
- 20
- 24
- 700
- a
- and
- At
- back
- below
- Bitcoin
- bond
- Bond yields
- bounced
- broader
- but
- by
- Coindesk
- combined
- Cut
- day
- Dollar
- effect
- from
- had
- Hair
- hand
- High
- higher
- HOURS
- HTTPS
- images
- jpg
- little
- lower
- modest
- more
- news
- on
- ONE
- Other
- over
- past
- period
- plato
- Plato Data Intelligence
- PlatoData
- Point
- press
- price
- quickly
- rally
- s
- same
- send
- Short
- Stocks
- than
- The
- time
- to
- Tumbles
- u.s.
- u.s. dollar
- yields
- zephyrnet