Stocks start catching up with bitcoin’s earlier meltdown to $60,000 as bond yields rise
Bitcoin BTC$68,605.68 began the year on a painful note, even as equity markets remained buoyant. But stock traders’ luck is now running out, as rising bond yields pressure valuations. Prices for bitcoin plunged to nearly $60,000 from around $90,000 in the first five weeks of the year, according to CoinDesk data. The decline marked a…