Elevated Treasury yields are weighing on bitcoin. Here’s a case for it dropping to $90,000.

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Elevated Treasury yields are weighing on bitcoin. Here’s a case for it dropping to $90,000.

By: market watch Posted On: January 10, 2025 View: 12

Published: Jan. 10, 2025 at 7:00 a.m. ET

Bitcoin recorded its third straight day of declines on Thursday, as higher yields weighed on the crypto after it hit a record high near $110,000 last month.

The largest cryptocurrency by market capitalization BTCUSD fell 1.2% to around $92,812 on Thursday, according to the Dow Jones Market Data. It was more than 14% away from its record high at $108,309 reached on Dec. 17.

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