Market Wrap: Bitcoin Near $59K as Worries on Bond Yields Increase

  • Bitcoin (BTC) trading around $58,882.38 as of 20:00 UTC (4 p.m. ET). Climbing 2.52% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $56,327.79-$59,242.58 (CoinDesk 20)
  • BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

bitcoin trading on Coinbase
Source: TradingView

Bitcoin’s price struggled to push higher after briefly touching $59,000 when markets opened in the U.S. on Friday.

Investors continued to monitor the potential…


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