{"id":70620,"date":"2022-08-22T22:56:00","date_gmt":"2022-08-22T18:56:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70620"},"modified":"2022-08-22T22:23:41","modified_gmt":"2022-08-22T18:23:41","slug":"bitcoin-ether-slide-on-rising-treasury-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-ether-slide-on-rising-treasury-yields\/08\/22\/market-updates\/","title":{"rendered":"Bitcoin, ether slide on rising Treasury yields"},"content":{"rendered":"\n<p>Bitcoin and Ethereum have extended their declines from Friday&#8217;s drop in Monday morning trading, though recovering a bit from an even deeper slump seen earlier in the session.<br><br>The bearish price action also came as U.S. Treasury yields rose slightly across the curve, with the 10-year (US10Y) up three basis points to 3.01% and the two-year (US2Y) up four bps to 3.31%. Keep in mind that a so-called yield curve inversion, which historically precedes a recession, occurs when short-duration benchmarks yield more than longer-dated ones. The eurodollar futures curve is also inverting and has been since March, a sign that issues in the monetary system are taking hold globally.<br><br>Over the past 24 hours, bitcoin dropped 0.4% to $21.33K, up from an intraday low of $20.96K, while Ethereum (ETH-USD) slid 2.4% to $1.58K at 11:45 a.m. ET, up from a session low of $1.53K.<br><br>Over the past 24 hours, bitcoin (BTC-USD) dipped 0.4% to $21.33K, up from an intraday low of $20.96K, while ethereum (ETH-USD) slid 2.4% to $1.58K at 11:45 a.m. ET, up from a session low of $1.53K.<br><br>Some observers think that the significant sell off on Friday was caused by Celsius Network, who are bankrupt, receiving approval to sell mined Bitcoin to cover their operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum have extended their declines from Friday&#8217;s drop in Monday morning trading, though recovering a bit from an even deeper slump seen earlier in the session.The bearish price action also came as U.S. Treasury yields rose slightly across the curve, with the 10-year (US10Y) up three basis points to 3.01% and the two-year &hellip;<\/p>\n","protected":false},"author":13,"featured_media":44550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6904,6903,6905],"class_list":["post-70620","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bitcoin","tag-cryptocurrencies","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70620"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70620\/revisions"}],"predecessor-version":[{"id":70624,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70620\/revisions\/70624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44550"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}