Bitcoin falls under $64K as surging US bond yields boost Fed rate-hike odds
CoinTelegraph·
60-second summary
Bitcoin falls under $64K as surging US bond yields boost Fed rate-hike odds, causing investors to reassess cryptocurrency market valuations. Several dips occur below the $64,000 mark, prompting a Binance "plunge protection team" to intervene with bid liquidity and stabilize the market, preventing a deeper price rout and maintaining investor confidence.
Bitcoin saw several dips under the $64,000 mark as a Binance “plunge protection team” reemerged with bid liquidity to avoid a deeper BTC price rout.