Cryptocurrencies market sentiments are weak today with Bitcoin falling below $110k, pressured by sell-off on Wall Street, where technology stocks lead the decline. Not only Bitcoin, but other crypto also loses. For example, despite Gucci luxury house announcing accepting payments in Dogecoin (DOGE) at select stores in the United States, the price of the token is falling more than 3% today, as broader crypto sentiments weaken. Technically Dogecoin price fell below EMA200 (the red line) and EMA50 (the orange line) signalling possible trend reversal if bearish pressure persist.
Source: xStation5
Daily Summary: Wall Street Under Pressure as U.S. Bond Yields Rise Above 5%
Wall Street waits for the Fed
Saudi Arabia announces the cancellation of part of its September oil shipments to Europe๐ข
US Open: 10-Year Treasury Yield Breaks Above 5% as Wall Street Comes Under Pressure Ahead of Fed Decision