The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note rose by six basis points (bps) to 3.58%, its second straight weekly gain, denting the appeal of risk assets, including cryptocurrencies.
Source: https://www.coindesk.com/markets/2023/04/24/bitcoin-posts-biggest-weekly-loss-since-november-as-usd-liquidity-declines-us-debt-ceiling-fears-return/?utm_medium=referral&utm_source=rss&utm_campaign=headlines