Bitcoin Magazine Bitcoin Price Trades Near $71,200 After a Fresh Session Low as the 10-Year Yield Holds Above 5%
Bitcoin price traded near $71,200 on Thursday evening, after slipping to a fresh session low near $71,000, according to Bitcoin Magazine Pro data. U.S. stocks closed modestly lower and the 10-year Treasury yield held above 5% after Nvidia said CEO Jensen Huang had resigned.
The decline started in the morning. Bitcoin price fell below $72,000 before the opening bell and dropped to about $71,150 shortly after 10 a.m. Eastern. A bounce later faded, and the bitcoin price printed a new session low near $71,000 around 6:23 p.m., its weakest level since Aug. 20. It now stands roughly $30,400 below where it closed one year ago.
Stocks close lower as yields keep pressure on the bitcoin price
Source: Bitcoin Magazine
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