CoinScoopBitcoin Falls Below $84,000 as Strong US Economic Data Drives Yields Higher
Bitcoin fell below $84,000 on Wednesday after stronger-than-expected US business activity data pushed Treasury yields higher. The S&P Global flash PMI composite reading rose to 58.4 in September, the fastest growth since July 2021. The 10-year US Treasury yield climbed above 5%, reaching a 19-year high, as markets adjusted to the possibility of further Federal Reserve interest rate hikes.
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