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The Economic Times
The Economic Times
Surbhi Khanna

Bitcoin slips towards $79K as higher Treasury yields and oil prices pressure trigger risk-off sentiment

Bitcoin Oil US Treasury Crypto Ethereum Riya Sehgal CoinMarketCap Inflation Solana

Bitcoin slipped towards the $79,000 mark as rising US Treasury yields, renewed inflation worries and elevated oil prices weighed on sentiment across global risk assets. The cryptocurrency was trading at $78,799 mark.

In the past 24 hours, Bitcoin slipped 2% and Ethereum fell 1% to trade at $2,217 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid, and Cardano slipped up to 8%. The global crypto market capitalisation edged down 2% to $2.63 trillion, according to CoinMarketCap.

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