Bitcoin’s Near-Term Prospects Look Bleak As Treasury Yields And Japanese Yen Signal US Recession

Treasury Secretary Janet Yellen testifies during a House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, Thursday, May 12, 2022 on Capitol Hill in Washington. (Graeme Jennings/Pool photo via AP)
ASSOCIATED PRESS

Investors looking for clues on whether bitcoin’s recovery from 17-month lows reached last week is long-lasting may want to look at what traditional markets are saying.

The leading cryptocurrency has…
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