HomeUncategorizedBitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high By Cointelegraph

Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high By Cointelegraph

September 19, 2022

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Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high

(BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England.

On Sept. 19, BTC’s price failed to regain the $20,000 psychological support zone. The pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280.

BTC/USD and daily price chart. Source: TradingView
Central banks’ rate decisions in the week ending Sep. 24. Source: Bloomberg
ACWI weekly price chart. Source: TradingView
U.S. Treasury Yields as of Sep. 19. Source: Bloomberg
Bitcoin spent output age bands (7-10 years). Source: CryptoQuant
BTC/USD daily price chart featuring bear flag breakdown setup. Source: TradingView
ETH/USD daily price chart featuring symmetrical triangle breakdown setup. Source: TradingView