US Leading Economic Indicators | Effects On Bitcoin’s Rally

Bitcoin, the flagship digital asset, has experienced notable volatility in recent days as various US leading economic indicators shape its trajectory. A breakdown of the latest developments could signify what they mean for the digital asset.

Bitcoin Tumbles: US Leading Economic Indicators

Bitcoin experienced a significant drop of $5,000 within a 24-hour period as Treasury yields surged. The drop, spanning over two days, occurred alongside rising Treasury yields and strength in the U.S. dollar. Bitcoin fell more than 4.76% on Tuesday, reaching $66,134.00, with a two-day loss totaling 7%.

This drop followed reports of growth in the manufacturing sector and reduced investor expectations for…

Read more on bitcoinnews

75K Reads