Bitcoin falls to $65,500 as oil prices and Treasury yields increase
Bitcoin slipped to about $65,500 as rising oil prices and higher Treasury yields pressured risk assets.
The cryptocurrency had reached a high near $66,700 on Wednesday, but has since pulled back.
The weakness in Bitcoin has spilled over into the broader market, with major tokens including ether (ETH) also trading lower.
Futures tied to West Texas Intermediate climbed to $88.60 per barrel, marking the highest level since June 11, and signaling a potential new inflationary impulse