Big Tech sell-off and rising Treasury yield pin Bitcoin price below $50K
Cointelegraph
Published Mar 05, 2021 01:53PM ET
Updated Mar 05, 2021 03:40PM ET
Bitcoin (BTC) continues to struggle below $50,000 on March 5 as a spike in the 10-year Treasury yield to 1.62%, its highest level in over a year, has taken a toll on global financial markets and hit risk-assets especially hard.
At the time of writing the S&P 500 and Dow are up 0.46% and 0.64% but the tech sector sell off continues as companies like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) continue to slump further.
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Written By: Cointelegraph
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