Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return

The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note rose by six basis points (bps) to 3.58%, its second straight weekly gain, denting the appeal of risk assets, including cryptocurrencies.

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Cryptocurrencies: 17,050
Markets: 1,227
Marketcap: $ 3.37 T
24h Vol: $ 193.71 B
BTC Dominance: 58.00%