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 recent price level did Bitcoin hover around before the drop?

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How much did Ether drop in percentage terms?

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What is the significance of Coinbase's performance in relation to the broader market?

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What technical market measure indicates that Bitcoin is oversold?

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What was the US 10-year treasury yield that contributed to the sell-off in Bitcoin?

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