$BTC fell further Monday after it faced selling pressure last week, registering a 9% loss, as traders moved into Treasurys and the U.S. dollar and away from risky assets. LedesmaLyllah reports.
Bitcoin fell 0.5% to $27,416 in the past 24 hours after facing selling pressure last week as bond yields rose and the U.S. dollar liquidity declined.
The cryptocurrency registered a 9% weekly loss, its largest seven-day decline since early November, according to data from TradingView and CoinDesk. Bitcoin had reached $30,000 last week for the first time in almost a year. The yield on the 10-year U.S. Treasury note rose by six basis points to 3.58%, its second straight weekly gain, denting the appeal of risky assets, including cryptocurrencies.
. France recently toughened its crypto registration procedures in the wake of crypto exchange FTX's collapse and in preparation for the European Union’s Markets in Crypto Assets law. The European Parliament voted in favor of MiCA last week, and the rules are set to take effect starting around
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