Bitcoin hovers near $74K as stocks rise despite US bond yield rebound
Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.
Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as stock markets rallied and US bond yields surged.
Key points:
Data from TradingView showed BTC/USD diverging from US equities as investors resumed buying the dip in tech stocks.
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