Skip to main content

Bitcoin hits session low

24 Nov, 2021

The impact of the latest US data has sent US yields higher again. The 10 Year note is edging ever closer to 1.7% now and that is having quite a widespread impact. US stock futures are falling a little more now and so is gold. The dollar is holding gains and Bitcoin is feeling some heat too. It has been noted here many times before; that BTC is the ultimate risk based asset and it is also a negative yielding asset. That is to say can you imagine where it might be if interest rates were substantially higher? Yes, well much lower one could argue. Perhaps that is why the lead coin has just now fallen to fresh session lows, very close to 56k, at 56,026. Earlier it had rebounded to as high as 57,400. It is currently trading at 56,110 and looking a little vulnerable right now 

Exchange BTC

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Welcome to StormGain — crypto trading platform!

Trade with 300× multiplier.