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Bitcoin is hitting a one-week low as US yields rise



SINGAPORE, Jan 11 (Reuters) – Cryptocurrencies sank on Monday as bitcoin fell more than 12 percent to a one-week low as rising US yields lifted the dollar sharply and hurt non-performing assets.

Bitcoin fell to $ 33,447, the lowest since January 6. Ethereum, which often moves in tandem with bitcoin, fell 20% to a one-week low of $ 1007.51. (Report by Tom Westbrook; Edited by Himani Sarkar)


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