At the time of publication, the Bitcoin exchange rate is $42.9K. Other cryptocurrencies have also declined in price over the past 24 hours. This is evidenced by a decrease in the cryptocurrency index by 1.3%.
At the same time, the LINK token of the Chainlink platform showed the largest increase of 2% among CD20 participants during the day.
The decrease in the price of cryptocurrency occurred after the yield of 10-year US Treasury bonds increased by 14 basis points during the day. The reason for this was a Sunday speech on the program “60 Minutes” by Chairman of the US Federal Reserve Jerome Powell where he confirmed the Fed’s intention not to cut rates in March.
After the stunning employment data on Friday, the ISM Services index unexpectedly rose to 53.4 in January from 50.5 in December.
At the same time, Markus Thielen, analyst at 10x Research and head of Matrixport research, predicts that the value of Bitcoin will grow to $70 thousand by the end of 2024.