Bitcoin dips back below $26,000 as investors flee risk assets

Bitcoin dipped back below $26,000 on Monday as investors continued to flee risk assets amid an increase in long-term bond yields.

The price of the world's largest cryptocurrency by market capitalization fell to $25,900 at 12:00 p.m. ET, according to"We are experiencing an outflow from risk assets, but not so critical at the moment as the market expects even higher yields for long-term bonds in the near future," YouHodler chief of markets Ruslan Lienkha told The Block.

Bitcoin has a propensity to march in lockstep with risk assets. Global stocks fell on Monday, as investors diverted capital from equities into surging bond yields. Ruslan said there are a number of catalysts still to come into play that could buoy bitcoin's price over the comping months.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meme Coin Watch: BoneShibaSwap Surges 8%, Wall Street Memes Hits $26 Million, $DOGE Technicals Point to Further StrugglesIt’s been an eventful week in the meme coin market, with price surges, presale updates, and technical breakdowns making headlines. $BONE has jumped over
Read more »

Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Read more »

Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Read more »

Here's Who Contributed to Bitcoin's 8% Drop: DetailsAmount of Bitcoin liquidation highest for single day since June 2022 market upheaval
Read more »

SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19SEC files motion for appeal on Ripple's case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
Read more »

Seattle air quality alert will continue until MondayHow to avoid the wildfire smoke in Seattle.
Read more »