Bond yields cryptocurrency

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PARAGRAPHBillionaire investor Mike Novogratz has inin no small last week his firm was not buying crypto in the. Bond yields have risen sharply said that crypto prices are likely to stay under pressure as government bond yields rise.

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Spiking bond yields are impacting competition for equities most, says Virtus' Joe Terranova
Gold, known to have an inverse relationship with real yields, fell more than 1%, its fourth straight weekly decline, and Nasdaq dropped %. Bonds typically offer more predictability and lower yields, suitable for risk-averse investors. Conversely, crypto staking may yield higher. Cryptocurrencies slid lower Monday with bitcoin nearing $42, as soaring U.S. interest rates amid strong economic data, hawkish Powell weighed.