Bitcoin Has a Very Bad Week

The video discusses recent trends in the Bitcoin market, highlighting a drop below $26,000 and the impact of rising treasury yields. It also covers the performance of other digital tokens like Ether and Polygon, and Coinbase's resilience in the market. A technical analysis using the Relative Strength Index (RSI) indicates Bitcoin is oversold. The rise in US 10-year treasury yields, reaching levels not seen since 2007, is presented as a factor contributing to the sell-off, offering competition to non-yielding assets like Bitcoin.

What was the approximate price level of Bitcoin before it dropped below $26,000?

• $30,000

• $29,000

• $28,000

• $27,000

Which digital token was mentioned as a significant underperformer alongside Bitcoin?

• Ripple

• Dogecoin

• Litecoin

• Polygon

What does the Relative Strength Index (RSI) indicate about Bitcoin's current market status?

• Overbought

• Stable

• Volatile

• Oversold

How did Coinbase react to the broader downward pressure in digital assets?

• It declined significantly

• It remained stable

• It showed resilience

• It increased dramatically

What recent economic factor has increased competition for Bitcoin?

• Falling oil prices

• Higher US Treasury yields

• Increasing gold prices

• Rising stock prices