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International Business Times
International Business Times
Business
Panos Mourdoukoutas Ph.D.

Bitcoin And Small Cap Stocks Drop On Rising Bond Yields — What Comes Next

Bitcoin and small caps led losses on Wall Street last week as rising bond yields turned traders and investors away from risky assets.

The digital currency traded close to the $67,000 mark Friday afternoon after approaching the $74,000 mark during the week. It was down 4.5% on profit-taking and higher bond yields for the week. The benchmark 10-year bond ended the week at 4.30%, up from 4.11% a week earlier and 3.9% a couple of weeks ago.

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