Bitcoin Fails to Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?

After a strong beginning to the month of October and sailing past $28,000, the Bitcoin (BTC) price has entered a major retracement dropping by 1.87% and trading around $27,591 at press time. The recent price drop comes as the jump in the bond yields has dented demands for riskier investments. Sentiment Result : Negativ

After a strong beginning to the month of October and sailing past $28,000, the Bitcoin (BTC) price has entered a major retracement dropping by 1.87% and trading around $27,591 at press time. The recent price drop comes as the jump in the bond yields has dented demands for riskier investments.