Bitcoin hovers near $74K as stocks rise despite US bond yield rebound

Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.

Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as stock markets rallied and US bond yields surged.

Key points:

Data from TradingView showed BTC/USD diverging from US equities as investors resumed buying the dip in tech stocks.

Read more