Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high
2022.09.19 14:57
Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high
(BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England.
On Sept. 19, BTC’s price failed to regain the $20,000 psychological support zone. The pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280.
BTC/USD and daily price chart. Source: TradingViewCentral banks’ rate decisions in the week ending Sep. 24. Source: BloombergACWI weekly price chart. Source: TradingViewU.S. Treasury Yields as of Sep. 19. Source: BloombergBitcoin spent output age bands (7-10 years). Source: CryptoQuantBTC/USD daily price chart featuring bear flag breakdown setup. Source: TradingViewETH/USD daily price chart featuring symmetrical triangle breakdown setup. Source: TradingView
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