France protests: Macron condemns 'stupid' comments from Trump, others as bond market pressure builds
France is facing a mounting economic crisis that pushed its 10-year government bond yield to a new 24-year high on Thursday.
Bitcoin (BTC) experienced a 3% decline in value, as US stocks faced pressure from President Donald Trump's comments on Iran's potential military action. BTC struggled to stay above $82,000 during Thursday's Wall Street opening, as Iran-related headlines resurfaced to undermine risk assets. BTC/USD dipped to $81,256 on Bitstamp, marking a 2.9% decrease for the day.
Analysts at Bitfinex Alpha had previously predicted BTC/USD trading within a narrow range of $81,300 to $84,400 until the Federal Reserve's next meeting on October 28. Sustained demand for ETFs, coupled with stable leverage metrics, could propel BTC/USD above $84,400. However, macroeconomic headwinds and a close below $81,300 might trigger a move towards the October 15 low of $79,821, as indicated by the analysts.
Written by urgent.news from Cointelegraph'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.
