Live updates: Bitcoin slips below $63,000 as oil, yields climb
WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.
Bitcoin slipped below $63,000 amid rising oil prices and bond yields, according to live updates. PayPal (PYPL) stock rose after news of potential sales talks with Stripe and private-equity firm Advent. Crypto companies and executives will meet with White House officials and the Commodity Futures Trading Commission's new innovation committee in Washington the following week.
Texas Governor Greg Abbott announced data center standards for his administration, ensuring protection of the electric grid and other factors. Two Abu Dhabi sovereign wealth funds maintained their positions in BlackRock’s spot bitcoin ETF despite falling crypto prices. Bitcoin (BTC) dropped 1.7% over the past 24 hours, reaching $62,600 and continuing its week-over-week decline nearing 4%.
Ether (ETH) also declined. Crypto prices were down slightly ahead of the opening of the U.S. stock market on Friday.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
