Bitcoin Takes a Breather as Stocks Drop, Inflation-Adjusted Bond Yields Hit Record Low

Coindesk | Jul 27, 2021 at 12:53 PM
  • After rallying for five consecutive days, bitcoin is taking a breather alongside a dour mood in traditional markets.
  • Bitcoin has managed to hold on to the $30,000 support in recent weeks despite increased regulatory scrutiny of Binance, the world’s largest crypto exchange by volume, persistent concern about stablecoins, and China’s ban on mining.
  • Real yields in the euro region also traded at all-time lows on Monday.