Bitcoin Tops $66K, Resuming Uptrend as Real Bond Yields Slide

Posted on by American Coins & Gold

Bitcoin Tops K, Resuming Uptrend as Real Bond Yields Slide
Bitcoin shot up on Monday, ending an almost three-week-long sideways churn that saw persistent demand around $60,000.The cryptocurrency topped $66,000 during the European hours and appeared set to challenge the record high of $66,975 reached on Oct. 20, CoinDesk data shows. Ether, the native token of Ethereum’s blockchain, also broke its previous record early Monday; its price briefly passed $4,700 around 1:00 UTC, according to CoinDesk data. Bitcoin is the world’s largest cryptocurrency by market capitalization, whereas ether, is the second largest.Yuya Hasegawa, crypto market analyst at Japan’s exchange bitbank, said sinking real or inflation-adjusted bond yield may be powering…