Beware the ides of March: Bitcoin slumps as Treasury yields and the dollar rise again
Cointelegraph
Published Mar 08, 2021 08:30AM ET
Updated Mar 08, 2021 10:00AM ET
The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again, while the U.S. Dollar Index (DXY) is at the highest levels in over three months.
The global stock market, including equities in the United States and Asia, has pulled back in tandem as the U.S. Senate's stimulus approval has sparked inflation fears.
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Written By: Cointelegraph
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